PANews reported on November 18th that, according to Reuters citing The Information, data analytics company Databricks is in talks with investors for a new round of funding, targeting a valuation of over $ 130 billion, approximately 30% higher than the $ 100 billion funding round it secured two months ago. The company has not yet signed a term sheet with any institution and declined to comment. Previously, Databricks stated its annualized revenue was approximately $ 4 billion and plans to accelerate its AI strategy and product expansion, as well as pursue AI acquisitions and research. Founded in 2013 , Databricks has approximately 15,000 clients, including Block , Shell , and Rivian .PANews reported on November 18th that, according to Reuters citing The Information, data analytics company Databricks is in talks with investors for a new round of funding, targeting a valuation of over $ 130 billion, approximately 30% higher than the $ 100 billion funding round it secured two months ago. The company has not yet signed a term sheet with any institution and declined to comment. Previously, Databricks stated its annualized revenue was approximately $ 4 billion and plans to accelerate its AI strategy and product expansion, as well as pursue AI acquisitions and research. Founded in 2013 , Databricks has approximately 15,000 clients, including Block , Shell , and Rivian .
Foreign media reports: Databricks seeks funding, valuation exceeds $130 billion.
PANews reported on November 18th that, according to Reuters citing The Information, data analytics company Databricks is in talks with investors for a new round of funding, targeting a valuation of over $ 130 billion, approximately 30% higher than the $ 100 billion funding round it secured two months ago. The company has not yet signed a term sheet with any institution and declined to comment. Previously, Databricks stated its annualized revenue was approximately $ 4 billion and plans to accelerate its AI strategy and product expansion, as well as pursue AI acquisitions and research. Founded in 2013 , Databricks has approximately 15,000 clients, including Block , Shell , and Rivian .
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