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Databricks on Thursday announced a new round of funding that values the company at $188 billion. The round was led by Coatue. Databricks didn’t disclose exactly how much it raised; it said the money isn’t in its hands yet and that the round will close later in this summer. (Other outlets have since reported the…
Databricks said on Thursday that it is incorporating OpenAI’s models, including GPT-5, into its data platform as well as its AI product, Agent Bricks, as part of a $100 million multi-year deal that bets on the AI company’s ability to bring in enterprise customers. The deal highlights the accelerating race to bring generative AI into…
Databricks is in the process of closing a fresh round at a $100 billion valuation, sources confirmed to TechCrunch. The round was originally reported by the Wall Street Journal. A source familiar with the deal tells TechCrunch exclusively the new round is about $1 billion, and was wildly oversubscribed. Databricks, best known for its data analytics…
Andy Konwinski, computer scientist and co-founder of Databricks and Perpelexity, announced on Monday that his personal company, Laude, is forming a new AI research institute backed with a $100 million pledge of his own money. Laude Institute is less an AI research lab and more like a fund looking to make investments structured similar to…
After two years of relatively muted investment activity, it seems that VCs are starting to pour capital into startups at pandemic-era levels once again. But a closer look shows that they aren’t really. In the fourth quarter of last year, investors funneled $74.6 billion into U.S. startups, a substantial increase from the average of $42…
It’s been a wild week for investors clawing their way into Databricks’ record-breaking $10 billion fund raising, one of the VCs leading the deal told TechCrunch. “There were calls that went well late into the night, and that’s okay, that’s how good opportunities emerge,” George Mathew, managing director at Insight Partners described with a grin. Along…