Databricks Rockets to $62B with $10B Funding Bonanza

Databricks just snagged a jaw-dropping $10 billion in its Series J round, skyrocketing its valuation to $62 billion as of December 2024. Led by Thrive Capital and featuring heavyweights like Andreessen Horowitz, this funding catapults Databricks into elite AI territory, aiming for a $3 billion revenue run rate by year-end. CEO Ali Ghodsi’s gamble on Databricks SQL is paying off, giving Snowflake a serious run for its data warehousing crown. AI enthusiasts, buckle up!