Databricks seeks new funding at valuation above $130 bln - The Information

Investing.com-- Databricks is in talks to raise a fresh funding round at a valuation above $130 billion, The Information reported on Monday, citing people familiar with the matter.

If completed, the deal would mark a sharp increase from its recent round in September, when it raised $1 billion at a valuation of just over $100 billion, the report said.

The Information reported that no binding term sheet has been signed yet.

The San Francisco–based data analytics and AI company plans to use the fresh capital to push growth in its AI platform, develop its “Agent Bricks” product, and invest in a new operational database.