Databricks in talks for new funding round at up to $175 billion valuation
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Cristian Dina
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Summary
Databricks is in talks to raise a new funding round at a valuation between $165 billion and $175 billion, just four months after closing a round at $134 billion in February. The potential new round would represent a 23% to 31% valuation increase and could begin as soon as next month, according to The Information.
Key quotes
· 2 pulledDatabricks is in talks to raise a new funding round at a valuation of between $165 billion and $175 billion
The round could begin as soon as next month and would represent a 23% to 31% increase from the $134 billion valuation the company achieved in February
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