Databricks raises $5B at a $190B valuation after investors sought a larger round; Ali Ghodsi says AI is expensive.
Read the original at techcrunch.com→AI is expensive, Ali Ghodsi tells TechCrunch. With so many investors wanting into his latest round, he said yes to more than planned.
Original headline: "Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation."
Coverage timeline
- Aug 13, 20:14 UTC TechCrunch AI lead source Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.