Databricks, the data analytics software company, is in talks to raise funds in a new round that could value the firm between $165 billion and $175 billion, according to The Information.
This follows a $5 billion fundraising earlier this year at a $134 billion valuation, signaling strong investor confidence in AI-driven companies.
Databricks provides a platform for businesses to ingest, analyze, and build AI applications from complex data sources. The company reported a revenue run rate exceeding $5.4 billion in February, up 65% from the prior year.
CEO Ali Ghodsi has indicated privately to investors that the company remains on track for an IPO, potentially as soon as next year.