Market
What will be the primary use of funds from Databricks' recent financing?
3
Resolution / Starting Odds
Expansion plans • 25%
New product development • 25%
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Official statements from Databricks or financial reports
Story
Databricks Secures $15.3B in Series J and Debt Financing at $62B Valuation, Meta Joins as Strategic Investor, IPO in Sight
Jan 22, 2025, 02:58 PM
Databricks, a data analytics startup, has secured $15.3 billion in financing, valuing the company at $62 billion. The financing includes a $10 billion Series J equity round and an additional $5.25 billion in debt. Meta has joined as a strategic investor in this round, marking a significant collaboration between the two companies. The funds are intended to support Databricks' expansion plans, new product development, and to provide liquidity for current and former employees. The company, which works closely with Meta on the Llama open-source AI models, is also moving towards an initial public offering (IPO).
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