"We were substantially oversubscribed with this round and are super excited to bring on some of the world's most well-known investors who have a deep conviction in our vision," said Ali Ghodsi, Co-Founder and CEO of Databricks.
Databricks expects to generate $3.8 billion in revenue in the next fiscal year and will achieve positive free cash flow this quarter, fueled by unprecedented interest in artificial intelligence.
To satisfy customer demand, Databricks intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market operations.
We're building transformative data and AI infrastructure and excited to move aggressively in service of our customers and their success, focusing on future AI innovations.
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