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Databricks Hopes to Build on AI Offerings With $15 Billion Fundraise

  • Data and artificial intelligence firm Databricks has raised $15 billion in a Series J funding round, bringing its valuation to $62 billion.
  • The funding will be used to develop new AI products, make acquisitions, expand international operations, and provide liquidity for employees.
  • Investors in the round include QIA, Temasek, and Macquarie Capital, with Meta joining as a strategic investor.
  • Databricks is experiencing rapid growth, with over 60% year-over-year growth in recent quarters.

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