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Databricks announces $10 billion financing at $62 billion valuation - TL;DR CNBC

Databricks announces $10 billion financing at $62 billion valuation

Publishing timestamp: 2024-12-17 13:43:50


Summary

Databricks, a valuable privately held company, announced a $10 billion financing that values the software maker at $62 billion. The funding will provide liquidity to employees, allow for acquisitions and expansion, and help generate positive free cash flow. The company's revenue is growing, and an IPO may be on the horizon in the near future.


Sentiment: POSITIVE

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Keywords: technologyalphabet incservicetitan incmicrosoft corpamazon.com incenterprisebusiness newssnowflake inc.businessbreaking news: technology

Source: https://www.cnbc.com/2024/12/17/databricks-valued-at-62-billion-from-10-billion-financing.html


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