Databricks Value up 30 Percent in Three Months?

Just three months after its last major funding round, data management and integration platform Databricks is reportedly in talks for another investment, which would up its valuation to more than $130 billion.

Databricks is headquartered in San Francisco, with offices worldwide, and was founded by the original creators of Lakehouse, Apache Spark, Delta Lake and Mlflow. The firm's Data Intelligence Platform brings together data, analytics and AI/machine learning to help clients govern, manage and derive insights from enterprise data and build their own generative AI solutions.

In August the firm closed a series J round worth around $1bn, valuing the company at around $100bn, and said the money would go towards development of a database for AI Agents, and of its own agent. Now, according to techcrunch.com, quoting reports on news site The Information, Databricks is looking for an unspecified amount of further cash, to add to a total of around $20bn raised so far. About half of this came from a huge round of $10bn secured last December.

The company is led by co-founder and CEO Ali Ghodsi (pictured) and is online at www.databricks.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.