According to reports, American AI startup Databricks is in talks to raise funds at a valuation of $1.3 billion

AASTOCKS
2025.11.18 05:47

The technology news website "The Information" reported that the American AI startup Databricks Inc. is negotiating to raise funds at a valuation of approximately $1.3 billion, highlighting the continued market interest in AI tool providers amid concerns about industry bubbles.

The report cites informed sources stating that San Francisco-based Databricks plans to use the new funds to hire talent and make acquisitions, but has not yet signed agreements with investment banks regarding the fundraising terms. If the deal progresses, the company's valuation will jump by about 30% from the last fundraising round in September.

Databricks is one of the major providers of cloud computing and data software, a field dominated by leading companies such as Oracle (ORCL.US) and Snowflake (SNOW.US). Databricks helps clients leverage complex data from multiple sources to analyze and build AI applications. Databricks stated that it is targeting a new category of transactional databases, which involves storing and processing data generated by daily business operations.

Databricks' software operates on other cloud platforms, such as Microsoft's (MSFT.US) Azure and Amazon's (AMZN.US) AWS. As Databricks expands its business, it is beginning to compete more directly with Snowflake and cloud infrastructure contractors like Microsoft. (da/)

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