AI unicorn Databricks completes $10 billion Series J funding round with a valuation of $62 billion, led by Thrive Capital

BlockBeats news, on December 18, according to the Wall Street Journal, data and AI company Databricks completed a $10 billion Series J funding round with a valuation of $62 billion, led by Thrive Capital, with participation from Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management.

Databricks' core business is providing software for data analysis and cleansing, while deploying artificial intelligence (AI) models for clients. Databricks is currently one of the highest-valued private tech companies in the world.