tech π° Databricks bags $5B funding at $190B valuation
Databricks recently closed a major $5 billion funding round, setting its valuation at $190 billion. The company, based in an unspecified location, reported crossing a $7 billion revenue run rate in its second quarter. This massive funding comes amid intense global focus on AI agents and enterprise AI capabilities. CEO Ali Ghodsi noted that skyrocketing AI costs are actually boosting demand for their AI Gateway platform. Databricks intends to go public later but is currently prioritizing investment in its AI products.