Databricks valued at $134 billion in latest fundraise: Report

Databricks said on Monday it has raised about $5 billion in funding at a $134 billion valuation, as the data analytics software startup bolsters its balance sheet ‌while keeping options open ‌for a US stock market debut later this year.

The privately held startup, which also announced about $2 billion in ‌new debt capacity, said that its annualized revenue run-rate rose 65% to $5.4 billion in the fourth quarter.

Databricks offers a platform designed to help users ingest, analyze and build AI applications using complex data from various sources.