AI startup Databricks seals $10b funding with participation from GIC

AI startup Databricks seals $10b funding with participation from GIC

Databricks logo is seen in this illustration taken December 17, 2024. REUTERS/Dado Ruvic/Illustration

Databricks has secured a $62 billion valuation after raising $10 billion in one of the largest venture capital funding rounds in history, underscoring the unprecedented appetite for AI-focused startups.