Overview
- Reports from The Information say Databricks is discussing a new private funding round that could value the company between $165 billion and $175 billion.
- The company reported a $5.4 billion revenue run rate in February, a 65% year‑over‑year increase that company statements say included about $1.4 billion from AI products.
- Databricks completed a large private raise earlier this year at a roughly $134 billion valuation, which investors and analysts cite as a basis for the higher talks.
- CEO Ali Ghodsi has privately told investors the company remains on an IPO path possibly next year, but key terms of the new fundraising are still being finalized and have not been confirmed by Databricks.
- The reported talks highlight strong investor interest in firms that handle enterprise data for AI and could influence competition with cloud providers and the company’s hiring and product plans.