Big data and AI firm Databricks raises $5 billion in debt financing
On January 14th, according to The Information, AI company Databricks raised $5 billion through debt financing. The financing follows a $10 billion equity financing in December last year.
In December last year, big data and artificial intelligence company Databricks announced the completion of $10 billion J round financing at a valuation of $62 billion, led by Thrive Capital, Andreessen Horowitz, DST Global, GIC Pte Ltd, Insight Partners, WCM Investment Management and other investors. According to people familiar with the matter, Lightspeed Venture Partners also invested $200 million.