Databricks Closes $15.3B Financing Round, Meta Joins as Strategic Investor
Databricks secures $15.3B in funding, led by Meta, at a $62B valuation to fuel AI and data innovation.
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Databricks Closes $15.3B Financing Round, Meta Joins as Strategic Investor
Data analytics platform Databricks has recently closed a substantial $15.3 billion financing round, solidifying its position as a leader in the data and AI space. This funding, which includes $10 billion in equity and $5.25 billion in debt, values the company at a staggering $62 billion. Notably, Meta, the parent company of Facebook, has joined as a strategic investor in this round. The Rise of Databricks: A Unified Platform for Data and AI Founded in 2013, Databricks provides a unified platform for data engineering, data science, and machine learning. It enables organizations to seamlessly integrate and analyze vast amounts of data from diverse sources, including structured and unstructured data. This capability empowers businesses to gain deeper insights, improve decision-making, and drive innovation across various domains. The Power of Data in the AI Revolution Data is the lifeblood of the AI revolution. As AI models become increasingly sophisticated, the need for high-quality, readily…
