Databricks has announced a $10 billion investment, marking one of the largest venture capital fundings ever in a deal that valued the data and AI platform at $62 billion.
"It's actually quite a logistical operation, raising $10 billion compared to previous rounds,” Ali Ghodsi, Databricks CEO and cofounder, told Fortune. “I probably underestimated the sheer number of investors and the amount of interest. So, it has put a huge amount of pressure on our finance team. We had been working 24/7 to just meet all of the demand. We had close to $18, $19 billion of interest in this round.”
