According to Deep Tide TechFlow news on November 28, as reported by Bitcoin.com, the San Francisco-based data analytics and artificial intelligence (AI) company Databricks raised $5 billion in its latest funding round, bringing the company's valuation to $55 billion. Sources indicate that Databricks plans to raise a total of $8 billion, potentially making it the largest funding round of the year. Reports suggest that the latest funding round is aimed at allowing employees to sell shares, thereby reducing the need for an immediate initial public offering (IPO). However, while an IPO may not happen soon, it is still possible in the second half of 2025.
Although the report did not disclose the identities of the investors participating in the latest funding round, it revealed the company's notable supporters, including Nvidia, Capital One, Andreessen Horowitz (a16z), Baillie Gifford, Fidelity, Insight Partners, and Tiger Global. In September 2023, Databricks raised $500 million in funding, with a company valuation of $43 billion.
OpenAI currently holds the record for the largest funding round of 2024, raising $6.6 billion in October. Billionaire Elon Musk's xAI also secured $5 billion in funding, bringing the company's valuation to $50 billion. Another AI startup, Anthropic, received $400 million from Amazon, raising its total funding to $8 billion.