Databricks raises $5 billion in latest funding amid IPO expectations


Databricks logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration

Feb 9 (Reuters) - Databricks said on Monday it has raised about $5 billion in funding ‌at a $134 billion valuation, as the data analytics software startup bolsters its ‌balance sheet while keeping options open for a U.S. stock market debut later this year.

The privately held startup, which also announced about $2 billion in new debt capacity, said that its annualized revenue run-rate rose 65% to $5.4 ‍billion in the fourth quarter.

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