Databricks Secures $62 Billion Valuation with $10bn Funding

• Databricks has raised $10bn, marking the biggest venture capital deal of 2023, and boosting its valuation to $62bn.
• Major investors include Thrive Capital, Andreessen Horowitz, and Insight Partners, with Thrive alone investing at least $1bn.
• Funds will largely help employees cash out stock options and cover taxes, with remaining capital going towards AI product development and international expansion.

Source: Financial Times