Meta backs data analytics firm Databricks as AI boom attracts investors


FILE PHOTO Databricks logo is seen in this illustration taken December 17 2024. REUTERSDado RuvicIllustrationFile Photo

FILE PHOTO: Databricks logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development.

The Series J funding round closed on Wednesday and valued Databricks at $62 billion.


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