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
Tickers: AMZN, UNDEFINED, GOOGL, SNOW, MSFT,
Keywords: technology, alphabet inc, servicetitan inc, microsoft corp, amazon.com inc, enterprise, business news, snowflake inc., business, breaking news: technology,
Source: https://www.cnbc.com/2024/12/17/databricks-valued-at-62-billion-from-10-billion-financing.html