Databricks Stock Secures $5 Billion Funding at $134 Billion Valuation

TLDR Databricks completed $5 billion equity raise at $134 billion valuation with $2 billion debt financing led by JPMorgan Chase Revenue reached $5.4 billion annualized in Q4, jumping 65% year-over-year while achieving positive free cash flow AI products generate $1.4 billion in annual revenue as company develops Lakebase database and Genie assistant CEO confirms IPO [...]

The post Databricks Stock Secures $5 Billion Funding at $134 Billion Valuation appeared first on Blockonomi.