Databricks has successfully completed a $10 billion Series J equity financing round, achieving a valuation of $62 billion. In addition, the company secured $5.25 billion in debt financing from major financial institutions. Founded in 2013, Databricks enables companies to aggregate and analyze data from diverse sources, enhancing insights into sales trends and inventory needs. With approximately $19 billion raised throughout its existence, the recent round attracted new and existing notable investors, including Meta. This reflects broader trends of corporate investments in AI-focused enterprises, particularly amidst the growing importance of data in the AI revolution.
Databricks has closed its $10 billion Series J equity financing, attaining a $62 billion valuation, while also securing an additional $5.25 billion in debt funding.
The company, founded in 2013, empowers businesses to analyze data from various systems, aiding significant functions like inventory forecasting and product sales analysis.
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