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TechCrunch·3 min read·medium

Databricks hits $188B valuation, extending its run as AI’s favorite second act

J
Julie Bort
Databricks hits $188B valuation, extending its run as AI’s favorite second act
✦AI Summary

Databricks has secured a new funding round valuing the company at $188 billion, reinforcing its successful pivot from a big data firm to an AI-focused enterprise. The company has maintained a rapid fundraising pace, leveraging its vast data repositories to integrate AI tools like Lakebase and Unity.

Why it matters

The valuation highlights the massive capital flowing into AI infrastructure providers and signals continued investor confidence in enterprise-grade AI software.

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Databricks on Thursday announced a new round of funding that values the company at $188 billion . The round was led by Coatue.

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