Databricks is raising $4 billion at $134 billion valuation

Bloomberg Mark Bergen and Brody Ford Databricks is raising over billion in a new funding round that values the program firm at billion another example of how selected tech companies are achieving massive scale without going residents The new financing is being led by Insight Partners Fidelity Management Research Co and JP Morgan Asset Management with participation from Andreessen Horowitz it mentioned in a report Tuesday The funding round also included funds from BlackRock and Blackstone a sign that several of the largest money managers are getting more current in private company investments The Wall Street Journal earlier published on details about the fundraising Related Articles Palo Alto Networks hopes property deal bolsters South Bay HQ expansion Apple sets the stage for fresh South Bay expansion with Sunnyvale deals Roomba maker iRobot files for bankruptcy and will go private Humanoid robots take center stage at Silicon Valley summit but skepticism remains AI is powering Trump s financial market but American voters are getting worried Databricks is one of the larger players in the area of facts application and seeks to compete with society firms such as Oracle Corp and Snowflake Inc The startup had raised billion at a billion valuation just a meager months ago The fact that it s securing yet another round at a significantly higher valuation underscores the persistently strong appetite among investors for bets on artificial intelligence Unlike other large AI firms like OpenAI and Anthropic Databricks doesn t build chatbots or consumer products Instead it has focused on helping businesses make the largest part of the rush of features apps and autonomous agents That includes helping clients analyze and build AI apps and services with statistics from a variety of sources Databricks plans to use the funds in part to allow its employees to conduct secondary share sales according to the announcement It also expects to add thousands of new jobs including AI researchers expanding an AI lab that at the moment only employs about people Chief Executive Officer Ali Ghodsi narrated the Journal The company passed billion in revenue run-rate which is up year over year it disclosed in the declaration In September it had touted a revenue run rate of billion Earlier investors include ventures firms Andreessen Horowitz and Thrive Capital as well as Abu Dhabi fund MGX and Qatar s sovereign wealth fund Other startups including OpenAI and Stripe have achieved massive valuations as large-scale companies without tapping population markets One such company Elon Musk s SpaceX is planning an initial general offering after reaching an billion valuation in private markets Ghodsi informed Bloomberg earlier that his firm didn t have a fixed date for a populace listing I will say this he stated in September If the plan was to really stay private long term we wouldn t have focused on being cash-flow break-even Updates with chart More stories like this are available on bloomberg com Bloomberg L P