Get the latest tech news

Databricks closes $15.3B financing at $62B valuation, Meta joins as ‘strategic investor’

Databricks has confirmed that it has closed a previously announced $10 billion in Series J equity financing at a $62 billion valuation.

The San Francisco-based company also added a further $5.25 billion in debt financing, funded by JPMorgan Chase, Barclays, Citi, Goldman Sachs, Morgan Stanley, among other “leading financial institutions and alternative asset managers,” according to a press release. Founded in 2013, companies use Databricks to pool and analyze vast swathes of data from disparate systems to glean insights — for instance, a retailer might want to combine different datasets to figure out what products sell best, at what times of year, to forecast inventory requirements. Prior to joining TechCrunch in June 2022, Paul had gained more than a decade’s experience covering consumer and enterprise technologies for The Next Web (now owned by the Financial Times) and VentureBeat.

Get the Android app