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Databricks has raised an unprecedented $10 billion, pushing its valuation to $62 billion in one of the largest funding rounds in VC history. Led by Thrive Capital (founded by Joshua Kushner) with participation from Andreessen Horowitz, DST Global, GIC, Insight Partners, Ontario Teachers' Pension Plan', ICONIQ Growth, MGX, Sands Capital, and Wellington Management, the round underscores surging demand for AI-focused innovation. Ali Ghodsi, co-founder and CEO, noted the round was "substantially oversubscribed" and emphasized the long-term growth potential of AI. Databricks, trusted by over 10,000 customers including Block, Comcast, Rivian, and Shell, plans to fuel AI product development, strategic acquisitions, and employee liquidity. With a projected $3B revenue run rate and anticipated positive free cash flow by January, Databricks is solidifying its leadership in enterprise-grade data management, analytics, and AI solutions, outpacing competitors and driving the AI revolution forward. https://lnkd.in/e-HrzDw8 #AI #DataAnalytics #StartupFunding #Innovation #EnterpriseAI #Databricks #TechLeadership

Databricks has secured a monumental $10 billion funding round, elevating its valuation to $62 billion. This substantial capital infusion is among the largest in Silicon Valley’s history, underscoring the vast availability of private capital for AI-driven enterprises. By remaining private, Databricks retains strategic flexibility, allowing it to focus on innovation and expansion without the immediate pressures of public markets.

Databricks nabs $10B in VC funding. Databricks has raised an additional $10 billion in one of the largest-ever venture capital rounds, boosting its valuation to $62 billion. According to CNBC, this new funding elevates the data, analytics, and #artificialintelligence company to one of the biggest privately-owned firms globally. The capital will be directed toward recruiting talent, making acquisitions, and purchasing employee shares. #Databricks is also projecting positive free cash flow for the first time and expects to surpass $3 billion in estimated future revenue in the fourth quarter. Regarding a potential public offering, CEO Ali Ghodsi indicated it could occur in mid-2025.

Databricks has just secured a game-changing $10 billion in funding, marking one of the largest VC rounds in Silicon Valley this year. With its powerful data analytics platform used by industry leaders like Walgreens and the MLB, the company is rapidly scaling under CEO Ali Ghodsi's leadership. As it explores future growth, including potential public offerings, this move solidifies Databricks as a major player in tech. The $62 billion valuation speaks to its growing influence and innovation in data science. Read more:

Databricks announced its Series J funding round ($10B), valuing the company at $62 billion. With over 60% YoY, Databricks will use this funding to invest in new AI products, acquisitions, international expansion and employee liquidation. Some key milestones: 📈 Expecting to cross $3.0B+ revenue run-rate and be free cash flow positive this quarter 💰 >500 companies consuming >$1M/year  🚀 >$600M revenue run-rate for Databricks SQL, the company's intelligent data warehousing product, up >150% YoY Excited for what's to come, and very humbled to work for with an incredible set of Bricksters who raise the bar every day! #Databricks #Funding #Data #AI https://lnkd.in/g7Y5Hj_N

Databricks has secured a remarkable $10 billion in its Series J funding, propelling its valuation to $62 billion. The investment, spearheaded by Thrive Capital, Andreessen Horowitz, and other key players, underscores the company's significant role in the AI domain. Why this development is crucial: - AI Advancement: The funds will drive AI product innovation, global reach expansion, and strategic acquisitions. - Impressive Growth: With a 60% year-over-year growth rate, approaching a $3 billion revenue run rate, and anticipating positive cash flow soon. - Customer Influence: Trusted by over 10,000 organizations like Walgreens and Rivian, Databricks enables businesses to integrate data and AI for tangible outcomes. As discussions about a potential IPO intensify, CEO Ali Ghodsi emphasizes the focus on business scalability rather than immediate public listing. This funding solidifies Databricks' position as a frontrunner in shaping the landscape of AI-driven corporate solutions. Keep an eye out; the competition in the AI arena just became even more intriguing. Jonathan Parker well done!

New Post: Databricks Closes The Biggest Venture Round with $10 Billion Funding - Databricks, a data and AI company, raised $10 billion in a funding round led by Thrive Capital, with participation from prominent firms like Andreessen Horowitz and DST Global. The funds will support AI product development, strategic acquisitions, and international expansion. CEO Ali Ghodsi emphasized the company's commitment to leveraging data across industries, while VP Naveen Rao noted the round's historic scale. Databricks aims to exceed a $3 billion annual revenue run rate by January 2025, reporting over 60% revenue growth. With new global hubs and a partnership with AWS, Databricks solidifies its position in the competitive data solutions market. Read the full article here https://lnkd.in/dJhd7pza #Venturecapital #VC #investment #LP #Limited Partner

Databricks is raising $10B Series J investment at $62B Valuation 🚀 The company plans to invest in #AI products, acquisitions, and international expansion, capitalizing on the growing demand for #AI solutions. https://lnkd.in/d_cMU7st

https://lnkd.in/gXdJbt8a A CEO’s image can make or break the value. Do you agree?  Take NVIDIA CEO Jensen Huang, for example. Under his leadership, NVIDIA has become a leader in the tech industry and seen its stock price soar with its trajectory leading to a $4tn valuation. CEOs like Huang embody the power of strong leadership and vision in driving the success of mergers and acquisitions.  At IMAA, we're committed to helping businesses and executives understand and uncover this potential through executive education, and a dedication to excellence.  Join us in exploring how CEOs and other individuals can make a difference in M&A! Let’s talk about it in our upcoming events and webinars. #ThinkM&A #NVIDIA #CEOLeadership #Valuation

Databricks has secured the most prominent VC funding round in history with a $10B Series J — an incredible validation of the impact our customers, partners, and employees are driving in the Data and AI space. This investment will further accelerate the ROI we deliver, helping our customers and partners unlock even greater value. https://lnkd.in/gEva-5AF