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flag Databricks raises $10 billion, valuation soars to $62 billion, fueled by AI growth prospects.

flag Databricks, an AI and data analytics company, raised $10 billion in funding, reaching a $62 billion valuation. flag This massive round, led by Thrive Capital and involving major investors like Andreessen Horowitz, will fund AI product development, acquisitions, and international expansion. flag The company, used by clients like Block and Shell, expects to hit a $3 billion revenue run rate and achieve positive cash flow by January.

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