Singapore state investment firm Temasek Holdings, Qatar’s sovereign wealth fund, and Facebook owner Meta Platforms are among investors who participated in a series J funding round by Databricks, a US data and artificial intelligence firm.
The company raised US$15.25 billion comprising $10 billion from equity and $5.25 billion from debt, valuing it at $62 billion, Databricks says in a statement on January 23.
Investors in the equity fundraising include newcomer Temasek and existing investor Qatar Investment Authority. The debt facility, which was led by US investment bank JPMorgan Chase, saw participation by Barclays, Goldman Sachs and Morgan Stanley.
Databricks expects to use the capital to invest in new AI products, for acquisitions, expansion of its international go-to-market operations, and provide liquidity for current and former employees.
“We received overwhelming interest in this round from both new and existing investors and strategic partners who believe in our vision and market impact,” according to Ali Ghodsi, cofounder and chief executive officer of Databricks.
“Organisations are modernising their data and AI infrastructure because they recognise the immense potential of generative AI. Data intelligence is critical to both unlocking this potential and to helping enterprises reach their business goals,” he says.
Established in 2014, Databricks says more than 10,000 clients around the world use its data and AI tools.
