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Investing.com -- Data analytics firm Databricks is finalizing a new $1 billion funding round at a $100 billion valuation, according to a TechCrunch report on Tuesday.
The funding round was reportedly co-led by Thrive and Insight Partners, who also led the company’s previous investment round. The latest raise is said to have been oversubscribed, with Databricks choosing to limit the amount of equity sold as it didn’t require additional cash for operations following its $10 billion raise at a $62 billion valuation in January.
With this new investment, Databricks has raised approximately $20 billion since its founding in 2013. While the January funding was once considered record-breaking, OpenAI surpassed it with a $40 billion raise in March.
The current round is a primary investment and doesn’t include employees selling their shares. However, Databricks has conducted two secondary rounds for employees in 2025, allowing staff to sell between 40% and 60% of their shares depending on their holdings. The report indicated that employees did not sell the maximum amount permitted in these secondary offerings, suggesting confidence in the company’s future prospects.
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