DataBricks, a cloud data platform giant, is planning to conduct a round of large -scale financing, targeting at least $ 5 billion, and the company's valuation will reach an amazing $ 55 billion. This huge amount of financing will enable company employees to fulfill some shares, and also marks DataBricks' continuous expansion in the field of data analysis and artificial intelligence. The financing is not the first time that DataBricks has sought large -scale investment. Previously, the company had cumulatively raised a total of $ 4 billion and conducted several strategic acquisitions to further consolidate its market position.
According to reports, data analysis companies DataBricks is seeking at least $ 5 billion in a round of financing, and the company's valuation will reach $ 55 billion. The transaction will enable the company's employees to fulfill some shares.
DataBricks was founded 11 years ago. It was originally a commercial project of Apache Spark, a powerful data processing framework. Later, it has gradually expanded its business. It has become one of the world's leading cloud data platforms. It provides big data management, advanced analysis and artificial intelligence capabilities , Serve many large enterprises.
DataBricks has always been regarded as a company that is expected to conduct large -scale public offering (IPO), especially when its competitors Snowflake went public in September 2020 set a record of "the biggest software IPO in history". However, DataBricks still choose to raise funds in the private market. In September 2023, DataBricks successfully raised $ 500 million in a round of I round -led by Nvidia and T. Rowe Price, with a valuation of $ 43 billion. This has made the total funds raised in multiple rounds of financing reached US $ 4 billion. Investors participating include Anderson Holocatz, Bailey Jeford, Fidelity Investment, Insight Partners and Tiger Global.
Despite the expected revenue of $ 2.4 billion this year, DataBricks once again chose to return to the private market to seek more financial support. According to the "Information" report, DataBricks is seeking financing amount between 5 billion and $ 8 billion, and the transaction will be carried out in the form of second -level shares sales so that the existing shareholders can sell part of their holdings without passing the IPO.
If this financing is successful, DataBricks is expected to become the largest round of venture capital financing ever in history. The current financing record was maintained by OPENAI's $ 6.6 billion last month, with a valuation of $ 157 billion. Elon Musk's AI startup XAI raised $ 6 billion in round B financing this year and completed another round of $ 5 billion in financing this month.
DataBricks also uses cash reserves for strategic acquisitions to expand its data and AI business. In the summer of 2023, the company acquired Mosaicml for $ 1.3 billion, which is a company developing the AI model generation factory; at the beginning of the year, the company acquired Tabular Commercial company.
Although DataBricks has not yet achieved an IPO, it is still possible in the future. According to CNBC reports, at the "Brainpower Valley AI Conference" held last week, CEO Ali Ghodsi said: "If we want to go public, the earliest will be around in the middle of next year ... So, this is indeed possible in it. Examination happened next year. "
Points:
DataBricks is planned to reinvant $ 5 billion in valuations for $ 55 billion, and employees can cash on some shares.
The company's total financing has reached US $ 4 billion, and it is still seeking further financial support.
CEO said that if it is listed, IPOs can be carried out as soon as next year.
DataBricks 'huge financing reflects investors' great confidence in its future development prospects, and also indicates that data analysis and artificial intelligence will usher in more intense competition. The next step of DataBricks and whether to choose an IPO in the end will be attracted much.