Databricks raises $10B as it barrels toward an IPO

Quick Summary:

Databricks, the data analytics platform, has raised $10 billion in a funding round that values the company at $62 billion (up from $43 billion).

Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth.

The company’s revenue in the October quarter grew more than 60% year over year.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United States

Topics: Fundraising Data Big data analytics AI In Brief Big data Funding Databricks Enterprise

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-17 @ 14:41:13 (5 days ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 156 words

Reading Time: 1 minutes read

Sentences: 7 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 24509877

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