Technology · 55 views
Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.
AI is expensive, Ali Ghodsi tells TechCrunch. With so many investors wanting into his latest round, he said yes to more than planned.
AI Summary
Databricks announced a $5 billion funding round, a compromise between the company’s initial $1 billion target and investors’ push for $15 billion. Co‑founder and CEO Ali Ghodsi explained the raise to TechCrunch, noting the valuation settled at $190 billion. The funding reflects the pressure late‑stage startups face to issue more equity than desired to satisfy existing venture capital backers.
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