Databricks is on track to raise a record $9.5+ billion round at $60B valuation
Databricks is nearing completion of a $9.5 billion funding round at a $60 billion valuation, led by Thrive Capital, with potential for further increase.
MAIN POINTS
- Databricks' funding round is close to reaching $9.5 billion.
- The company's valuation is set at $60 billion.
- Thrive Capital is the leading investor in this deal.
- The valuation and funding amount have increased from previous reports.
TAKEAWAYS
- Databricks' valuation has risen significantly in a short period.
- The company is attracting substantial investment interest.
- Employee secondary sales are part of the funding round.
- Thrive Capital's involvement highlights confidence in Databricks' growth.