2024-12-18 09:53:28.AIbase.14.0k
AI Startup Databricks Secures $10 Billion in Funding, Valuation Soars to $62 Billion
Databricks, a startup based in San Francisco, USA, recently announced it has successfully raised $10 billion in funding, bringing the company's valuation to $62 billion. This news reflects strong investor interest in the field of artificial intelligence, particularly in the growing demand for investments in generative AI. Founded in 2013 by students from the University of California, Berkeley, Databricks focuses on providing cloud computing platforms to help enterprises manage data using artificial intelligence technologies.