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Databricks Inc. is in the process of finalizing a funding round that will value it at $118 billion.

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models ...

The AI firm offers a range of proprietary and open source AI models, and it plans to use the funding to purchase additional GPU capacity. Databricks said it is raising new funding led by Coatue ...

Databricks was a hot IPO candidate, but now its raising its fourth round of private investment in the past year.

The Coatue-led round gives co-founder Ali Ghodsi more money for AI products and acquisitions—and more freedom to remain ...

Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software ...

Databricks completed a term sheet agreement for a $3 billion strategic investment led by Coatue The funding values the company at $188 billion, representing a 40% increase from its $134 billion ...

Databricks has reached a $188bn valuation in a Coatue-led round, above the $175bn it was in talks to raise at, and still in no rush to go public.

The startup’s valuation jumps 40% as the AI boom has driven demand for its data-analytics software.

Databricks said annualized revenue has jumped more than 80% from a year earlier and now sits at $6.9 billion, up from a figure of $5.4 billion in the fiscal fourth quarter. While Databricks is ...

Databricks is releasing AI agents that help professionals get answers from their business data, aiming to expand beyond its core data offerings and showcase its staying power in the ...