Wednesday, September 1, 2021

Data and AI platform Databricks raises $1.6 billion, valued at $38 billion

The massive fund injection "does not push out the IPO", said Ali Ghodsi, co-founder and CEO. He declined to say when Databricks was planning to go public or whether it would go the traditional route or use a direct listing where companies list existing shares without issuing new shares or raising new funds.

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