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flag Databricks, an analytics firm, secures valuation over $100B, up 61% from last, fueling AI growth.

flag Databricks, a San Francisco-based analytics firm, is set to secure a valuation of over $100 billion in its upcoming funding round, marking a 61% increase from its previous valuation of $62 billion. flag The company, with 15,000 customers including Block, Shell, and Rivian, plans to use the funds for AI product development and potential acquisitions. flag This round underscores the growing investor interest in AI technology.

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