Databricks Secures $15.3 Billion in Financing, Valued at $62 Billion

The data analytics firm plans to expand its AI offerings, global operations, and pursue acquisitions with backing from Meta and other major investors.

• Databricks raised $10 billion in Series J equity financing and secured a $5.25 billion credit facility, bringing its valuation to $62 billion.
• Meta joined as a strategic investor, deepening its collaboration with Databricks on AI projects, including its Llama large language models (LLMs).
• The funding will support the development of new AI products, international expansion, acquisitions, and liquidity for employees.
• Databricks' platform is used by over 10,000 organizations, including Comcast, Shell, and Rivian, to manage and analyze data for AI applications.
• The company’s IPO plans remain uncertain, though CEO Ali Ghodsi suggested a public offering could happen within the next year.

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