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TechCrunch
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Databricks raises $10B as it barrels toward an IPO
- Databricks raises $10 billion in a funding round, valuing the company at $62 billion.
- Backers include Thrive Capital, Andreessen Horowitz, DST Global, GIC, and Iconiq Growth.
- The funding will drive future mergers and acquisitions, stock payouts to employees, and global expansion.
- Databricks expects to generate positive free cash flow with a $3 billion revenue run rate.
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