Databricks completes $1 billion funding round, valued at $100 billion

Databricks recently completed a $1 billion Series K funding round, surging its valuation to $100 billion, making it one of the world's most valuable private companies. This round was co-led by several prominent venture capital firms. With the global rise of artificial intelligence (AI), demand for Databricks' AI products has grown significantly, and the company currently serves approximately 15,000 customers, including prominent companies such as Shell and Rivian. The company's revenue run rate has exceeded $4 billion, with AI products contributing $1 billion of this revenue.