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Databricks is close to finalizing a $ 9.5 billion troll at a $ 60 billion valuation , including a secondary sales event for employee that could rise even higher before it closes , Reuters reports . Just 17 day ago , Reuters reportedthat the deal was at $ 8 billion and a $ 55 billion valuation . Thrive Capital is leading the deal with returning investors Andreessen Horowitz , Insight Partners , and Singaporean independent wealth fund GIC.This is large thanOpenAI ’s $ 6.6 billion raise in October , the prominent stave of all time , also led by Joshua Kushner ’s Thrive ( show ) . Databricks might also take on $ 4.5 billion of debt as part of this deal .
Despite the jaw - dropping number , VCs feel that the reported $ 92.50 per share is a bargain yield Databricks ’ biggest competitor is Snowflake , one of tech ’s most successful initial public offering . That company currently has amarket cap around $ 56 billion .
