AI firm Databricks raising $10 bn Series J Investment at $62 bn valuation

Databricks has raised $10 billion in one of the largest venture capital funding rounds in history. The Series J funding round values the data and artificial intelligence (AI) firm at $62 billion.

The company has raised $8.6 billion in the round led by Thrive Capital, Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers’ Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management.