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Databricks raises another $3 billion, with its valuation soaring to $1,880 billion
According to Beating monitoring, the AI data platform Databricks will receive a $3 billion investment led by Coatue, valuing it at $188 billion.
Compared with $134 billion at the end of last year, Databricks’ valuation has increased by 40%. The company’s February annualized revenue run rate has already exceeded $5.4 billion, including $1.7 billion from AI products.
Databricks mainly helps enterprises store, analyze data, and manage AI models. The new funding also lets it continue to delay its IPO.