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Databricks reportedly closing on $9.5B mega funding round

  • Databricks is reportedly closing on a mega funding round that could add more than $9.5 billion to its balance sheet.
  • The funding round is expected to value Databricks at more than $60 billion.
  • Thrive Capital is likely to lead the funding round, with participation from existing investors like Andreessen Horowitz and Insight Partners.
  • Databricks plans to use the funds to buy back expiring stock options and issue preferred shares to new investors.

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