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Databricks raises over $500 million at $43 billion valuation

Economic Times

Economic Times · 1y ago

Databricks raises over $500 million at $43 billion valuation

Databricks, a data and AI company, has secured over $500 million in funding at a valuation of $43 billion. The funds will be used to accelerate innovation in data and AI and expand the company's global footprint. Databricks provides an open and unified platform for data engineering, data science, and machine learning. The funding round was led by investment firms Andreessen Horowitz, T. Rowe Price, and Tiger Global.

Related News

Anysphere Raises $900 Million at $9.9 Billion Valuation for Cursor with $500M Revenue; Amazon and Windsurf-OpenAI Talks | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Anysphere Raises $900 Million at $9.9 Billion Valuation for Cursor with $500M Revenue; Amazon and Windsurf-OpenAI Talks | DeepNewz VC

Anysphere, the maker of Cursor, secured $900 million in funding led by Thrive, achieving a $9.9 billion valuation. This brings its total funding to over $1 billion. The company announced that its annualized revenue has surpassed $500 million.

Anysphere Raises $900 Million at $9.9 Billion Valuation for Cursor with $500M Revenue; Amazon and Windsurf-OpenAI Talks | DeepNewz VC

Business Bytes

Business Bytes · 1m ago

Anysphere Raises $900 Million at $9.9 Billion Valuation for Cursor with $500M Revenue; Amazon and Windsurf-OpenAI Talks | DeepNewz VC

Anysphere, creator of Cursor, has raised $900 million in a funding round led by Thrive, achieving a valuation of $9.9 billion. This brings its total funding to over $1 billion. The company reports that its annualized revenue has now surpassed $500 million.

AI analytics company Databricks looks to ramp up India play

Economic Times

Economic Times · 1m ago

AI analytics company Databricks looks to ramp up India play

Databricks is expanding its presence in India with a $250 million investment to enhance talent, R&D, and market reach. With a $62 billion valuation, the company sees India as vital for AI talent and innovation, aiming for positive cash flow. Databricks emphasizes AI's potential to boost productivity without job losses, focusing on upskilling. They are investing in local compliance and language support, viewing changing dynamics as opportunities rather than threats, despite competition from firms like Snowflake and Salesforce.

Ramp hits $22.5B valuation just 45 days after reaching $16B | TechCrunch

TechCrunch · 1d ago

Ramp hits $22.5B valuation just 45 days after reaching $16B | TechCrunch

Ramp, an expense management startup, raised $500 million at a $22.5 billion valuation, just 45 days after a previous $200 million round at a $16 billion valuation. Led by Iconiq Growth with Founders Fund and D1 Capital Partners, this funding supports Ramp's vision for AI-driven "autonomous finance." Ramp, which became cash-flow positive earlier this year, has raised a total of $1.9 billion and boasts 40,000 customers, with annualized revenue of $700 million as of March.

Meta backs data analytics firm Databricks as AI boom attracts investors

Economic Times

Economic Times · 6m ago

Meta backs data analytics firm Databricks as AI boom attracts investors

Databricks secured a $10 billion funding round, with Meta Platforms as an investor, aiming to expand and develop new products. The Series J round values Databricks at $62 billion, alongside a $5.25 billion credit facility led by major banks. Founded in 2013, Databricks helps develop AI applications using complex data. The investment reflects a trend of funding AI startups, bolstered by OpenAI's ChatGPT success. Meta's involvement deepens existing partnerships using its Llama language models.

Fractal To File DRHP By Sep For $600 Mn IPO At $3 Bn Valuation

Inc42 · 1y ago

Fractal To File DRHP By Sep For $600 Mn IPO At $3 Bn Valuation

The enterprise tech startup Fractal is planning to go public on the Indian stock market at a valuation of approximately $3 billion. The company's initial public offering (IPO) is expected to raise between $500 million and $600 million, with existing investors selling a significant portion of their shares. Fractal specializes in artificial intelligence and advanced analytics solutions, catering to Fortune 500 companies.

Anthropic to Raise $2 Billion at $60 Billion Valuation, Months After Amazon Funding

OutlookIndia

OutlookIndia · 6m ago

Anthropic to Raise $2 Billion at $60 Billion Valuation, Months After Amazon Funding

Anthropic, an AI startup, plans to raise $2 billion at a $60 billion valuation, following a $4 billion investment from Amazon. If successful, Anthropic will rank as the fifth most valuable U.S. startup, after SpaceX, OpenAI, Stripe, and Databricks. Co-founded by former OpenAI executives, Anthropic focuses on developing AI models like Claude, competing in the AI race with companies like xAI and Google Deepmind. The funding round is reportedly led by Lightspeed Venture Partners.

OpenAI co-founder Ilya Sutskever’s SSI valued at $32 billion despite having no product

Inshorts · 3m ago

OpenAI co-founder Ilya Sutskever’s SSI valued at $32 billion despite having no product

OpenAI co-founder Ilya Sutskever raised $2 billion for his AI start-up Safe Superintelligence (SSI), valuing the company at $32 billion. Greenoaks led the funding round with $500 million. SSI, which currently has no product, last raised $1 billion at $5-billion valuation in September 2024. Meanwhile, OpenAI's ex-CTO Mira Murati's AI startup Thinking Machines Lab is targeting $2-billion seed round.

Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation

Entrackr

Entrackr · 3d ago

Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation

Zepto raises fresh funds from Elcid Investment at $2.26 Bn valuation Quick commerce platform Zepto raised Rs 7.5 crore from Elcid Investment at a valuation of Rs 19,231 crore ($2.26 billion), according to its stock exchange filing. This investment comes at a time when Zepto is reportedly in talks to raise $500 million at a valuation of $7 billion led by existing backers General Catalyst, Avenir and others. As per the filing, Elcid Investment is set to acquire 22,55,639 equity shares of Zepto at a price of Rs 33.23 per share, translating to a 0.039% equity stake in the company. According to Entrackr’s estimates, Zepto is now valued at Rs 19,231 crore (approximately $2.26 billion), reflecting a 50% drop from its previous $5 billion valuation during its $340 million fundraise in August last year. Zepto’s total turnover surged 2.5X to Rs 11,110 crore in FY25, up from Rs 4,454.5 crore in FY24. In FY23, the company reported a turnover of Rs 2,024.4 crore, marking a consistent doubling of revenue each fiscal year. Zepto recently completed its shift in domicile from Singapore to India as part of its preparations for a public listing, which has now reportedly been deferred to FY26. Zepto competes with other major quick commerce platforms, including Eternal-owned Blinkit, which reported Rs 2,400 crore in revenue for Q1 FY26, surpassing Eternal’s food delivery business. Meanwhile, rival Swiggy Instamart is yet to file its Q1 FY26 financials.

Invesco raises IPO-bound Swiggy's valuation for second time in a row to $8.3 billion

Money Control

Money Control · 1y ago

Invesco raises IPO-bound Swiggy's valuation for second time in a row to $8.3 billion

Swiggy's valuation has been raised for the second consecutive time by Invesco, a US-based asset management company. The foodtech major now stands at a valuation of $8.3 billion, up from $7.85 billion last year. This increase comes after Swiggy experienced back-to-back valuation cuts, with its value dropping to $5.5 billion at one point. The latest markup from Invesco indicates that Swiggy's worth is now lower than its valuation of $10.7 billion in January 2022. Swiggy is currently preparing for a potential IPO to raise over $1 billion.

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