The data-analytics and AI software company is raising over $4 billion and crossed $4.8 billion in annual revenue rate.

Companies such as Databricks, SpaceX and OpenAI have reached mega valuations while staying private for longer.

Databricks, an AI-focused company, has successfully raised $4 billion, pushing its valuation to a staggering $134 billion.

From Spindrift to CoreWeave to Databricks, here's what happened to the companies we thought would have a banner year.

On Tuesday, Databricks announced it had raised more than $4 billion at a $134 billion valuation for its Series L.

Databricks Grows >55% YoY, Surpasses $4.8B Revenue Run-Rate, and is Raising >$4B Series L at $134B Valuation Company accelerates investments in Agent Bricks, Lakebase and Databricks Apps to power Data ...

As investment dollars continue to flood into artificial intelligence, the chief executive of Databricks is urging caution, ...

Databricks CEO Ali Ghodsi says he's hearing from venture capitalists "maybe I should just go on a break for, like, six months ...

The capital infusion will allow the company to advance product development, provide liquidity for employees and support future AI acquisitions.

Databricks has emerged as a competitive threat to Snowflake. A $15 billion fundraising round earlier this year confirms the excitement around this company. According to the CFO, revenue was on track ...

Palantir Technologies Inc. stock faces downside risk due to high valuation and rising competition from tech giants. Click for ...