Databricks Raises $10B in Late Stage
Databricks has successfully raised $10B in a Late Stage at a $62B valuation led by Thrive Capital.
Company Overview
Databricks is a Data/Analytics company headquartered in San Francisco, CA, founded in 2013 with 5000+ employees.
Unified analytics and AI platform
Fundraising Details
- Amount Raised: $10B
- Round Type: Late Stage
- Valuation: $62B
- Date: 2024-12-01
- Investors: Thrive Capital
About Databricks
Unified analytics and AI platform The company is positioned in the Data/Analytics sector, serving a growing market with innovative solutions.
Key Information
- Headquarters: San Francisco, CA
- Founded: 2013
- Team Size: 5000+
- Industry: Data/Analytics
What This Means
This funding round demonstrates strong investor confidence in Databricks's vision and execution. The capital will likely be used to:
- Scale Operations: Expand the team and operational capacity
- Product Development: Enhance existing products and develop new features
- Market Expansion: Enter new markets and strengthen presence in existing ones
- Technology Investment: Invest in infrastructure and technology capabilities
Industry Context
The Data/Analytics sector continues to attract significant investment as companies innovate to meet evolving market demands. Databricks's successful fundraising reflects the strong fundamentals and growth potential in this space.
Valuation Milestone
Reaching a $62B valuation marks an important milestone for Databricks, positioning the company among notable players in the Data/Analytics industry.
Looking Ahead
With this new capital, Databricks is well-positioned to execute on its growth strategy and continue building innovative solutions in the Data/Analytics space. The company's trajectory will be one to watch as it deploys this funding to achieve its next phase of growth.
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This fundraising news was reported on 2024-12-01. For more information about Databricks, visit their headquarters at San Francisco, CA.
