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Michael Cohen

Databricks Sets $100 Billion Benchmark With Late-Stage Raise As Investors Pile In

Databricks Artificial Intelligence

Business,Man,Use,Computer,Keyboard,Press,Show,To,Data,Analyzing

San Francisco-based Databricks is set to see its valuation soar by 61% to over $100 billion following a new funding round, highlighting strong investor interest in artificial intelligence startups.

The company has signed a term sheet for a Series K round, though the amount being raised was not disclosed, according to Reuters.

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One subscription that gives you access to news from hundreds of sites

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