TLDR Tech / IT
Databricks is Raising a Strategic Round of Funding at a $188 Billion Valuation
Databricks announced a strategic funding round at a $188 billion valuation, backed by a term sheet expected to close later this summer and led by existing investor Coatue. The company plans to use the new capital to accelerate its AI strategy, including Unity AI Gateway, Genie, and Lakebase, and it expects the funding to support future AI acquisitions and deeper AI research.
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