Databricks co-founder and CEO Ali Ghodsi. Image: Drew Kelly/Databricks
Last August, co-founder and CEO Ali Ghodsi told the Wall Street Journal that, in his view, ‘Databricks has a shot to be a trillion-dollar company’.
US software and data analytics company Databricks is raising a strategic funding round at a $188bn valuation following the signing of a term sheet, it said yesterday (16 July).
The round is led by existing investor Coatue and is expected to feature additional new and existing investors before closing later this summer.
The San Francisco-based company offers a services platform around data and AI that aims to help build and scale apps, analytics, and agents for more than 20,000 client organisations such as Adidas, AT&T, Bayer, Block, Mastercard and Unilever.
