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Databricks secures $62 billion valuation in AI-focused funding round
Economic Times
·
7m ago
Medial
Databricks, a data and analytics company, has secured a $10 billion funding round led by Thrive Capital, resulting in a valuation of $62 billion. The funds will be used for developing new AI products, making acquisitions, and expanding globally. The significant investment highlights the strong demand for AI-focused startups in Silicon Valley. Co-led by investment firms Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management, the round also saw participation from other companies such as Ontario Teachers' Pension Plan, ICONIQ Growth, MGX, Sands Capital, and Wellington Management.
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Meta backs data analytics firm Databricks as AI boom attracts investors
Economic Times
·
6m ago
Medial
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.
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Databricks raises over $500 million at $43 billion valuation
Economic Times
·
1y ago
Medial
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.
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AI analytics company Databricks looks to ramp up India play
Economic Times
·
1m ago
Medial
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.
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Anthropic to Raise $2 Billion at $60 Billion Valuation, Months After Amazon Funding
OutlookIndia
·
6m ago
Medial
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.
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AI-focused company Infinite Reality valued at $12.25 billion after $3 billion fundraise
Economic Times
·
7m ago
Medial
Infinite Reality, an AI-focused company, achieved a $12.25 billion valuation following a $3 billion funding round. This development reflects the booming interest in AI technologies, with firms like Infinite Reality leveraging AI and immersive tech to enhance brand engagement and monetization. Founded in 2019, the company transforms 2D websites into immersive experiences. The funds were raised from private and institutional investors, with increasing enthusiasm in the AI sector since the launch of OpenAI’s ChatGPT.
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Linear Raises $82 Million Series C Led by Accel at $1.25 Billion Valuation to Advance AI-Driven Software Collaboration | DeepNewz VC
Business Bytes
·
1m ago
Medial
Linear has raised $82 million in a Series C funding round, achieving a $1.25 billion valuation. Led by Accel, this new investment will help Linear advance its AI-driven tools aimed at streamlining team coordination. The company remains committed to deliberate, quality-focused growth, positioning itself as a key player in enhancing modern team workflows.
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Hippocratic AI valued at $1.64 billion after series B round
Economic Times
·
7m ago
Medial
Hippocratic AI achieved a $1.64 billion valuation following a series B funding round, raising $141 million, totaling $278 million. The funding was led by Kleiner Perkins, with participation from A16z, General Catalyst, Premji, NVIDIA, SV Angel, Universal Health Services, and WellSpan Health. This success reflects the growing investment in AI-focused startups, spurred by advancements like Open AI's ChatGPT. Hippocratic AI was co-founded by CEO Munjal Shah with experts from renowned institutions and companies.
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Perplexity plans to raise up to $1 bn at $18 bn valuation
Inshorts
·
4m ago
Medial
Perplexity AI is in early talks to raise up to $1 billion in funding at $18 billion valuation, Bloomberg reported. This new funding round could potentially double the AI startup's valuation from $9 billion as of December. Led by CEO Aravind Srinivas, the startup is backed by NVIDIA, Amazon Founder Jeff Bezos and Japan's SoftBank Group.
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BharatPe in talks to raise $100 million in equity round
Economic Times
·
1y ago
Medial
New Delhi fintech startup BharatPe is in talks with existing investors to secure $100 million in fresh equity funding and is also seeking a new investor. Despite ongoing top-level talent departures, the company remains focused on profitability and preparing for an IPO. However, the funding round is expected to be negotiated at a lower valuation than the previous one in 2021 when BharatPe was valued at $3 billion. The company is considering a valuation of around $2 billion in this round to attract fresh capital and fuel its growth plans.
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US enterprise AI search startup Glean raises $200 million, plans hiring spree
Economic Times
·
1y ago
Medial
Glean, an AI-powered startup, has raised $200 million in a funding round led by Kleiner Perkins and Lightspeed Venture Partners, valuing the company at $2.2 billion. Glean provides search and knowledge management solutions for enterprises by integrating applications and databases. The company uses conversational AI assistants and large language models to offer personalized summaries and answers based on a company's internal knowledge. With the new funding, Glean plans to expand its team and continue serving customers such as Sony Electronics and Databricks.
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