Databricks Targets $165 Billion Valuation in New Funding Round

Databricks discussed a funding round valuing the company between $165 billion and $175 billion, up from a $134 billion valuation last year. Founder Ali Ghodsi called this a terrible year to go public, citing high-profile IPOs from SpaceX. The company surpassed $5.4 billion in revenue run rate, with $1.4 billion from AI.