The AI and data analytics firm is in discussions to secure additional capital at a valuation exceeding $165 billion.
Databricks is negotiating a new funding round that could value the company above $165 billion. The potential raise may commence as early as next month, reflecting strong investor demand for AI-driven data analytics platforms.
The reported valuation would mark a significant increase from prior rounds, underscoring rapid growth in the sector. Databricks, a leader in cloud-based data processing, has seen rising enterprise adoption for its AI and machine learning tools.
No immediate market reaction was disclosed, but the funding talks highlight robust private market appetite for high-growth tech firms.