Databricks Closes $15.3B Funding at $62B Value, Meta Joins as ‘Strategic Investor’

Data analytics platform Databricks confirmed that it is closed announced before $10 billion in Series J equity financing valued at $62 billion.

The San Francisco-based company also added another $5.25 billion in debt financing funded by JPMorgan Chase, Barclays, Citi, Goldman Sachs, Morgan Stanley and other “leading financial institutions and alternative asset managers.” press release.

Companies founded in 2013 use Databricks to combine and analyze a wide range of data from disparate systems – for example, a retailer can combine different data sets to find out which products sell best, at what time of year, inventory forecast. requirements.

In addition, Databricks is central to the AI ​​revolution, serving as a single platform for preparing data for building and applying machine learning models.

The company has now raised nearly $19 billion in funding over its 12-year history, with its Series J — first announced in December when it raised $8.6 billion of its $10 billion goal — attracting a range of new and existing investors. Indeed, in addition to Temasek and Qatar’s sovereign wealth party, QIA has also joined Facebook’s parent company Meta as a “strategic investor”. There are corporate investments in AI-adapted companies becomes a trendMeta also combined with a $1 billion investment joined AI startup Scale last year.

This is breaking, update for updates