Databricks, a company developing a platform for data management and artificial intelligence, has announced the closure of Series J funding round following a previously disclosed plan. The company secured a total of $10 billion in investments from existing investors such as QIA, the sovereign wealth fund of Qatar, as well as new investors like Temasek and Macquarie Capital, with strategic investor Meta also participating.
As a result of this funding, Databricks now boasts a valuation of $6.2 billion. Additionally, the company raised an additional $5.25 billion in the form of loans from various financial institutions including JPMorgan Chase, Barclays, Citi, Goldman Sachs, and Morgan Stanley. This includes $2.5 billion in short-term loans and $2.75 billion in long-term loans, bringing the total funds raised in this round to $15.75 billion.
Source: Databricks
TLDR: Databricks secures $10 billion in Series J funding with a valuation of $6.2 billion and raises an additional $5.25 billion in loans from major financial institutions.
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