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Databricks Seeks Strategic Funding at $188 Billion Valuation, Led by Coatue

GateNews
AI Industry News
U2.79%

According to Odaily, Databricks is raising capital at a $188 billion valuation this summer, with Coatue leading the round alongside new and existing investors. The company has signed a term sheet and expects to complete the investment process by end of summer.

The funding will be directed toward strengthening its AI strategy, advancing products including Unity AI Gateway, Genie, and Lakebase, as well as pursuing AI-related acquisitions and research development.

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