Topics
Latest
AI
Amazon
Image Credits:Smith Collection/Gado / Getty Images
Apps
Biotech & Health
Climate
Cloud Computing
Commerce
Crypto
Enterprise
EVs
Fintech
fundraise
Gadgets
punt
Government & Policy
Hardware
layoff
Media & Entertainment
Meta
Microsoft
seclusion
Robotics
Security
societal
place
Startups
TikTok
transport
Venture
More from TechCrunch
Events
Startup Battlefield
StrictlyVC
Podcasts
video
Partner Content
TechCrunch Brand Studio
Crunchboard
meet Us
Databricks , the data analytics platform , has raised $ 10 billion in a support round of drinks that valuate the caller at $ 62 billion ( up from $ 43 billion ) . Backers include Thrive Capital , Andreessen Horowitz , DST Global , GIC , and Iconiq Growth .
The round is one of the largest venture rounds in history , and will drive next mergers and skill , origin payouts to employees , and elaboration abroad , concord to astatementobtained by CNBC .
Databricks ’ mammoth “ Series J ” come ahead of the ship’s company ’s heatedly foreknow initial public offering . establish in 2013 by seven doctor’s degree candidates from UC Berkeley , Databricks sells AI , big data analytics , and swarm tooling to enable companies to work up data- and AI - power applications .
Databricks expects to generate positive free cash flow rate for the first clip with a $ 3 billion gross run rate in the one-fourth that ends on January 31 , allot to CNBC . The company ’s taxation in the October quarter grew more than 60 % year over twelvemonth .
