Databricks has closed its Series J funding round, raising $10 billion and achieving a valuation of $62 billion, with investments from Meta, Temasek, and QIA. This funding will expand their AI product portfolio and international operations. CEO Ali Ghodsi emphasized the critical need for robust AI infrastructure as companies modernize utilizing generative AI. The Databricks Data Intelligence Platform democratizes AI capabilities across sectors, enabling innovations that address significant challenges like healthcare, climate change, and financial fraud. The strategic investments highlight Databricks' growing influence in the AI ecosystem.
The significant $10 billion raised in Series J funding emphasizes the burgeoning demand for AI infrastructure and Databricks' pivotal role in enabling organizations to innovate.
CEO Ali Ghodsi noted how the Databricks platform is instrumental in helping various sectors tackle complex challenges and drive operational efficiencies through AI.
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