"Databricks has raised $10 billion in a funding round that values the company at $62 billion, marking one of the largest venture rounds in history."
"The funds will drive future mergers and acquisitions, stock payouts, and international expansion, indicating the company's aggressive trajectory as it heads towards an IPO."
"Founded in 2013 by seven Ph.D. candidates from UC Berkeley, Databricks provides AI and big data analytics tools that enable companies to develop data- and AI-driven applications."
"With a $3 billion revenue run rate anticipated by January 31, Databricks shows a year-over-year revenue growth exceeding 60%, signaling strong financial health and market demand."
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