NEWS: AI startup Databricks raises $10 bn as value soars

AI startup Databricks raises $10 bn as value soars

A blockbuster funding round for San Francisco-based startup Databricks is another sign of hunger by investors for companies poised to cash in on generative artificial intelligence.
Photo: Josep LAGO / AFP
Source: AFP

Young startup Databricks, which specializes in scaling and building artificial intelligence, said Tuesday it raised $10 billion, bringing the company’s valuation to $62 billion.

The blockbuster funding round is yet another signal of the unrelenting appetite from investors…

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