Romanian-founded data and AI giant Databricks announces new USD 4 bln funding, increased valuation
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134…
Radu Dumitrescu · Journalist
· Updated · 2 min read
Databricks, the data analytics and artificial intelligence company co-founded by Romanian professors Ion Stoica and Matei Zaharia, announced on Tuesday, December 16, that it is raising USD 4 billion in funding at a valuation of USD 134 billion, according to CNBC.
The new valuation represents a 34% increase compared to the August round, when Databricks reached the USD 100 billion threshold, becoming one of the few private companies to surpass this level, alongside SpaceX, ByteDance, and OpenAI.
