Cloud-based data platform Databricks has raised $5 billion in funding at a $134 billion valuation, CNBC reported on Feb. 9 (local time).
The investment included Goldman Sachs, Gildebrook Capital, Morgan Stanley, Neuberger Berman and the Qatar Investment Authority. Databricks has completed preparations for a listing, but it plans to pursue an IPO at an appropriate time, considering market conditions.
Databricks provides a platform that, in addition to data storage, processing and query tools, links customer data to AI models to build customized agents.
Databricks CEO Ali Ghodsi (알리 고드시) said, "We were not sure we could raise the full $5 billion, but strong investor interest continued over the past few weeks." He said, "Venture capital firms take time to reflect changes in the stock market, but this funding round was an exception."
Ghodsi said, "The recent correction in software-related companies in the stock market is an overreaction, and existing companies will not disappear." He said, "But their competitiveness is weakening."
Chi-gyu Hwang
delight@d-today.co.kr