Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.

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Databricks raised $5 billion in funding at a $190 billion valuation, exceeding its initial $1 billion target due to strong investor demand. The company's CEO Ali Ghodsi cited the high costs associated with AI infrastructure as justification for the larger raise.


Source: TechCrunch