Databricks Inc. is in the process of finalizing a funding round that will value it at $118 billion.

Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models ...

July 16 (Reuters) - Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data ...

The startup’s valuation jumps 40% as the AI boom has driven demand for its data-analytics software.

The Coatue-led round gives co-founder Ali Ghodsi more money for AI products and acquisitions—and more freedom to remain ...

Databricks has reached a $188bn valuation in a Coatue-led round, above the $175bn it was in talks to raise at, and still in no rush to go public.

This week brought another shock to U.S. AI leaders, as China’s Moonshot AI released a new Kimi model that edges ever closer to the leaders in various capabilities.

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Databricks completed a term sheet agreement for a $3 billion strategic investment led by Coatue The funding values the company at $188 billion, representing a 40% increase from its $134 billion ...

The AI firm offers a range of proprietary and open source AI models, and it plans to use the funding to purchase additional GPU capacity. Databricks said it is raising new funding led by Coatue ...