As Databricks stacks more capital, a competitive AI market heats up

As Databricks stacks more capital, a competitive AI market heats up

2 years ago
Anonymous $pUsIN4hzN9

https://techcrunch.com/2023/09/14/as-databricks-stacks-more-capital-a-competitive-ai-market-heats-up/

This morning, data and AI giant Databricks said it had raised a new $500 million funding round from venture capitalists, crossover capital funds, and strategic investors. The new cash values Databricks at $43 billion, a material step up from its last private valuation set in 2021, when the company was worth $38 billion.

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