Databricks Valued at Over $130 Billion in Talks

Databricks, a data analytics firm, is in negotiations to secure funding at a valuation exceeding $130 billion. This amount marks approximately a 30% increase from its previous round two months earlier, according to The Information, which cites two knowledgeable sources.

In September, the San Francisco-based company completed a $ 1 billion funding round, valuing it at $100 billion and making it one of the most valuable private companies worldwide.

At that time, Databricks announced it was on pace to reach $4 billion in annualised revenue, driven by strong demand for its AI solutions. The funds are intended to bolster AI initiatives, expand product offerings, introduce an operational database category, and pursue AI acquisitions and research.

Founded in 2013, Databricks offers a platform for data ingestion, analysis, and AI application development. It has long been considered a top candidate for an IPO and has attracted many investor inquiries.

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The company serves approximately 15,000 customers, including the payments firm Block, energy giant Shell, and electric vehicle maker Rivian.