CosmicTaco

Databricks Secures $62 Billion Valuation with $10bn Funding

CosmicTaco · 2024-12-17T23:36:17.590959+05:30

- Databricks has raised $10bn, marking the biggest venture capital deal of 2023, and boosting its valuation to $62bn. - Major investors include Thrive Capital, Andreessen Horowitz, and Insight Partners, with Thrive alone investing at least $1bn. - Funds will largely help employees cash out stock options and cover taxes, with remaining capital going towards AI product development and international expansion. Source: [Financial Times](https://www.ft.com/content/d64ecf12-f32d-4a54-9434-f2fb524a17c6)

Databricks has raised $10bn, marking the biggest venture capital deal of 2023, and boosting its valuation to $62bn.
Major investors include Thrive Capital, Andreessen Horowitz, and Insight Partners, with Thrive alone investing at least $1bn.
Funds will largely help employees cash out stock options and cover taxes, with remaining capital going towards AI product development and international expansion.

Source: Financial Times