Related News

Beauty is in the eye of the U.S. jobs report beholder

Business representatives staff a table at a career fair in Harlem hosted by Assemblymember Jordan Wright on Dec. 10, 2025, in New York City. Spencer Platt | Getty Images The

OpenAI in talks with Amazon about investment could top $10 billion

Sam Altman, chief executive officer of OpenAI Inc., during a media tour of the Stargate AI data center in Abilene, Texas, US, on Tuesday, Sept. 23, 2025. Kyle Grillot |

Chinese chipmaker MetaX shares soar over 500% in Shanghai debut

Narumon Bowonkitwanchai | Moment | Getty Images Shares of Chinese chipmaker MetaX Integrated Circuits Shanghai soared more than 500% on their market debut Wednesday, after the company raised nearly $600

Alphabet-owned Waymo in talks to raise $15 billion in funding

Waymo co-CEOs (L-R): Tekedra Mawakana and Dmitri Dolgov Waymo Self-driving car company Waymo is in talks to raise $15 billion in funding in the new year. The robotaxi company plans

California judge says Tesla engaged in deceptive Autopilot marketing

Tesla electric vehicles (EV) in front of the company’s store in Colma, California, US, on Monday, Nov. 10, 2025. David Paul Morris | Bloomberg | Getty Images A California administrative

Hyperscaler AI spending could slow down if Oracle shows ‘discipline’

CNBC’s Jim Cramer on Tuesday proposed that action from Oracle could slow down other hyperscalers’ enormous artificial intelligence spending, saying the OpenAI partner should show “discipline.” “Oracle already has a

Databricks raises capital at $134 billion valuation

Word Count: 182 | Estimated Reading Time: 1 minute

Databricks CEO, Ali Ghodsi speaks on CNBC’s Fast Money on Dec. 17, 2024.

CNBC

Databricks is raising $4 billion in a funding round that would value the data analytics software company at $134 billion, the company announced Tuesday.

The valuation is a 34% jump from the funding round announced in August, which valued the company at $100 billion. At the time, Databricks became one of a handful of private companies to surpass a $100 billion valuation, after SpaceX, ByteDance and OpenAI.

Databricks said it plans to use the capital to support customer app building as artificial intelligence accelerates development.

The company said it topped a $4.8 billion revenue run-rate during the third quarter and is growing 55% year-over-year. That figure is also up from the $4 billion revenue run-rate announced earlier this year.

Databricks is among a growing list of companies that have opted to stay private for longer as private markets offer more funding opportunities.

Insight Partners, Fidelity Management & Research Company and JPMorgan Asset Management led the round, with participation from Andreessen Horowitz.

Databricks was founded in 2013 in San Francisco and ranked third on CNBC’s 2025 Disruptor 50 list.

Source link