Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.
TechCrunch 2 months ago 22 ● 5 sources
Databricks raised $5 billion in a late-stage funding round after investor demand surged following a mid-conference report. The round closed at a $190B valuation, after earlier interest was described as $15B. The company issued more stock to accommodate investors while keeping its focus on AI investment rather than rushing to go public.