ChainCatcher news, according to Yahoo Finance, artificial intelligence company Databricks has announced the completion of a funding round, raising $10 billion, bringing its valuation to $62 billion. The company plans to use the funds for recruiting AI talent, investing in new products, and acquisition opportunities. This oversubscribed round was led by Thrive Capital, with participation from several well-known investment firms including Andreessen Horowitz and DST Global.

Databricks expects to achieve positive free cash flow for the quarter ending January 31, and anticipates revenue of $3.8 billion for the fiscal year 2024.