Databricks hits $188B valuation, extending its run as AI’s favorite second act
Databricks raised $3 billion in a new funding round, boosting its valuation to $188 billion, led by Coatue. The company has been on a fundraising streak, with previous rounds at higher valuations, and has positioned itself as a key AI player by leveraging its enterprise data expertise and open-weight models. Its focus on affordable AI solutions and open-source harnesses has reinforced its image as an AI company, despite not being founded as such, and has helped secure significant capital.
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