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Databricks Secures $5B Funding Round at $190B Valuation

TechCrunch

Databricks expanded its recent funding round to $5 billion at a $190 billion valuation due to overwhelming investor demand driven by AI costs.

  • Databricks raised $5 billion instead of its initial $1 billion target due to high investor demand.
  • The company's valuation reached $190 billion.

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