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flag Databricks raised $5B, hitting a $134B valuation, as AI demand drives revenue growth and delays IPO plans.

flag Databricks raised $5 billion in new funding, boosting its valuation to $134 billion, with $2 billion in debt, fueling growth in AI products like Genie and Lakebase. flag The company's annualized revenue hit $5.4 billion, up 65% year-over-year, driven by strong demand from large enterprise clients. flag While considering a potential IPO, Databricks plans to stay private, focusing on long-term development of AI infrastructure and tools.

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