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Databricks valued at $188B after funding
Databricks, a company specializing in cloud data solutions and artificial intelligence, announced the completion of a new funding round that will raise its valuation to approximately $188 billion. The round was led by Coatue Management. The funding is expected to reach around $3 billion, with the deal closing this summer. This round reflects ongoing investor confidence in the AI sector, as the company has experienced rapid growth in its market value, after raising $10 billion in December 2024 and reaching a valuation of $62 billion, with a focus on developing data management solutions and AI technology.
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