‘It’s dumb to IPO this year’: Databricks CEO explains why he’s waiting to go public

Quick Summary:

Databricks just closed one of the largest funding rounds ever, raising a staggering $10 billion in fresh capital.

Naturally, technology investors were quick to ask what this means for the company’s highly anticipated IPO.

Even after the impressive fundraise, Ghodsi isn’t ruling out a Databricks IPO in 2025.

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Article Details

Author / Journalist: Maxwell Zeff

Category: Technology

Markets: United States

Topics: Databricks IPOs Fundraising Venture AI

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-18 @ 06:49:57 (12 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 721 words

Reading Time: 5 minutes read

Sentences: 28 lines

Sentence Length: 26 words per sentence (average)

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

Copyright Owner: © TechCrunch

News ID: 24532345

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