Databricks has successfully closed its Series J funding round, raising $10 billion and achieving a valuation of $62 billion. The funds will drive investments in AI products, facilitate acquisitions, and support international expansion. The company also secured a substantial $5.25 billion credit facility to bolster its financial strategy. CEO Ali Ghodsi indicated the importance of this funding for the company’s long-term goals, particularly in the rapidly evolving AI market, while also cautioning against rushing into an IPO given current market conditions.
Databricks closed its Series J funding round with $10 billion, focusing on AI investments, acquisitions, and international expansion, valuing the company at $62 billion.
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