Databricks is on the verge of finalizing a historic $9.5 billion funding round, significantly elevating its valuation to $60 billion, driven largely by investor confidence.
The funding round, if closed, will surpass even OpenAI's $6.6 billion raise and spotlights the aggressively competitive landscape in cloud data services.
VCs consider the $92.50 per share in the Databricks deal a bargain, especially in light of Snowflake's strong performance and higher market cap.
While Thrive Capital leads the deal, major players like Andreessen Horowitz and Insight Partners reaffirm their commitment, showcasing investor trust in Databricks' future.
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