SAN FRANCISCO, Jan. 22 (Xinhua) -- U.S. data and artificial intelligence (AI) company Databricks on Wednesday announced the final closing of its 10 billion U.S. dollar Series J funding.
Existing investor QIA, the sovereign wealth fund of the State of Qatar, along with new investors including Temasek and entities administered by Macquarie Capital, participated in the funding round, which values the company at 62 billion dollars, according to the announcement.
The San Francisco-based company also closed a 5.25 billion dollar credit facility, funded by JPMorgan Chase, Barclays, Citi, Goldman Sachs, and Morgan Stanley, among other "leading financial institutions and alternative asset managers."
Meta has joined as a new strategic investor. Databricks plans to invest this capital toward new AI products, acquisitions, and expansion of its international go-to-market operations, the announcement said.
"We received overwhelming interest in this round from both new and existing investors and strategic partners who believe in our vision and market impact," said Ali Ghodsi, co-founder and CEO of Databricks.
"Organizations are modernizing their data and AI infrastructure because they recognize the immense potential of generative AI. Data intelligence is critical to both unlocking this potential and to helping enterprises reach their business goals," he added.
