US software company co-founded by two Romanians reaches USD 62 billion valuation
Databricks, a US-based software company co-founded by Romanian entrepreneurs Ion Stoica and Matei Zaharia, has reached a USD 62 billion valuation after securing new funding worth USD 10 billion.
Radu Dumitrescu · Journalist
· Updated · 2 min read
Databricks, a US-based software company co-founded by Romanian entrepreneurs Ion Stoica and Matei Zaharia, has reached a USD 62 billion valuation after securing new funding worth USD 10 billion.
The company, ranked among the most valuable private companies globally, plans to invest this capital in new AI products, acquisitions, and significantly expanding its international sales operations. Part of the sum will also be used to purchase shares held by both current and former employees as the company prepares to go public.
