Databricks Valued at $188 Billion as AI Demand Surges

Databricks said it is raising new funding led by Coatue Management at a valuation of $188 billion, a 40% increase from its valuation after its last funding in December and higher than the $175 billion valuation http://www.wsj.com/tech/ai/databricks-set-to-hit-188-billion-valuation-with-new-investment-from-coatue-9eda18d6">The Information reported last month that the company was considering.

The AI firm is ...