Databricks Secures $15.3B Funding, Valued at $62B with Meta as Investor

Databricks Secures $15.3B Funding, Valued at $62B with Meta as Investor
Databricks, a data analytics platform, has successfully closed a $15.3 billion financing round, comprising $10 billion in Series J equity and $5.25 billion in debt. This funding elevates the company's valuation to $62 billion. Notable investors include Meta, which joins an array of established financial institutions. Databricks, founded in 2013, aims to enhance its AI product offerings and expand its global market operations. The company has raised approximately $19 billion in total funding and is contemplating an IPO, with the earliest possibility suggested for 2025.