Databricks raises $10B in Series J round at $62B valuation

Quick Summary:

The fresh capital will be allocated towards new AI products, acquisitions, and expand its international go-to-market operations.

The company reported over 60% year-over-year growth in recent quarters, largely driven by interest in AI.

This quarter, the company expects to achieve positive free cash flow for the first time.

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Article Details

Author / Journalist: Bhuvana Kamath

Category: StartupsEconomyBusiness

Markets: India

Topics: Information Platform Data Capital Intelligence Billion Databricks Privacy Reduce Policy Company

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News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 11:30:25 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 357 words

Reading Time: 2 minutes read

Sentences: 24 lines

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Copyright Owner: © YourStory

News ID: 24536486

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