Databricks, the AI and data analytics company co-founded by Romanian researchers Ion Stoica and Matei Zaharia, is reportedly close to securing a new $5 billion funding round, according to The Information as cited by News.ro. The deal would raise the company’s valuation to roughly $134 billion.
This new round would come only three months after the $1 billion investment secured in September, which boosted Databricks’ valuation to $100 billion. Should the latest negotiations conclude successfully, Databricks’ valuation would increase by 116% in a single year, considering that in December of last year the company was valued at $62 billion.
Read also: BCR and Google train Romania’s first generation of AI instructors for the ZBOR hubs
The company expects to reach $4.1 billion in sales in 2025, representing a 55% increase year-over-year, and is now approaching profitability. Databricks’ platform enables large-scale data integration and analysis, allowing companies to build advanced AI-powered applications.
With more than 20,000 clients worldwide, the company serves high-profile customers including Rivian, Shell, Siemens, AT&T, UPS, Warner Bros. Discovery, Heineken and the payments platform Block. Demand for Databricks’ technology continues to rise as organizations accelerate investments in data infrastructure and AI development.
If finalized, the funding round would position Databricks as one of the world’s most valuable tech startups, reinforcing the company’s central role in the global shift toward AI-driven data processing.
Photo: Wall-Street
