December 5, 2024

Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

 Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

Databricks is raising at least $5 billion in cash — though it could raise as much as $8 billion — pegging its new valuation at $55 billion, sources say.