Databricks Targets $165-175B Valuation for New Funding Round, Potential Launch Next Month

According to ChainCatcher, data analytics and AI software company Databricks is in talks with investors for a new funding round at a target valuation of $165-175 billion, potentially launching next month. This follows the company's $5 billion funding round completed earlier this year at a $134 billion valuation. Databricks reported an annual revenue run rate exceeding $5.4 billion, representing 65% year-over-year growth.
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