Databricks Secures $15.3 Billion in Financing

Databricks Secures $15.3 Billion in Financing
analyticsindiamag.com

by Aditi Suresh • 6 days ago

Databricks has secured $15.3 billion in financing, raising its valuation to $62 billion. The funding, led by major banks including JPMorgan Chase and Barclays, consists of $10 billion in Series J equity and $5.25 billion in debt. This capital will enhance AI product development, international expansion, and employee liquidity. The company, which has raised $19 billion total since its founding, is poised for an IPO this year, potentially impacting competitor Snowflake.

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