Databricks in talks to raise capital at above $130 billion valuation: The Information

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Data analytics firm Databricks is in talks to raise funds at a valuation of more than $130 billion, about 30% higher than its last financing round two months ago, The Information reported on Monday, citing two people familiar with the discussion.

The company declined to comment on the report.

Databricks has not signed a term sheet with any investment firms, the report added.

Reuters could not immediately confirm the report.

In September, the San Francisco-based company closed a $1-billion-funding round that valued it at $100 billion, making it one of the…



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Databricks in talks to raise capital at above $130 billion valuation: The Information



Data analytics firm Databricks is in talks to raise funds at a valuation of more than $130 billion, about 30% higher than its last financing round two months ago, The Information reported on Monday, citing two people familiar with the discussion.

The company declined to comment on the report.

Databricks has not signed a term sheet with any investment firms, the report added.

Reuters could not immediately confirm the report.

In September, the San Francisco-based company closed a $1-billion-funding round that valued it at $100 billion, making it one of the…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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