Cloud data platform Databricks is in talks to raise new funding at a valuation of $165 billion to $175 billion, The Information reported on Sunday.
The report said this would be a sharp increase from its $134 billion valuation at the end of last year. The new round could start as soon as within a month, but final terms have not been set.
Databricks co-founder and CEO Ali Ghodsi (알리 고드시) said in a Bloomberg TV interview last week that 2026, when IPOs by large companies such as SpaceX are lined up, would be the "worst year" to go public. His remarks were reported to have suggested to investors that an IPO could be possible as soon as next year.
Databricks' annualised revenue topped $5.4 billion as of February, up 65 percent from a year earlier. Its annualised AI revenue also exceeded $1.4 billion.
OpenAI and Anthropic are expected to raise hundreds of billions of dollars after filing IPO documents in succession. Databricks has raised about $30 billion to date, and existing investors include Andreessen Horowitz, NEA and Battery Ventures.
Chi-gyu Hwang
delight@d-today.co.kr