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Based on reports from the Science and Technology Innovation Board Daily, Databricks, a company specializing in data analysis and AI software, is currently engaged in discussions for a Series L funding round. The scale of this funding round is set to exceed $4 billion, with a target valuation hovering around $134 billion. This valuation represents a substantial 34% increase compared to the figure from this summer. By the end of October, Databricks' annual recurring revenue had soared to $4.8 billion, indicating a remarkable year-on-year growth trajectory.
Established in 2013 by the developers behind Apache Spark, Databricks has amassed a global client base exceeding 20,000. The company is widely recognized as one of the most promising tech firms poised for a public offering.
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