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Databricks is on track to raise a record $9.5+ billion round at $60B valuation

Databricks is close to finalizing a $9.5 billion round at a $60 billion valuation, including a secondary sale for employees that could climb even higher

Thrive Capital is leading the deal with and returning investors Andreessen Horowitz, Insight Partners, and Singaporean sovereign wealth fund GIC. Despite the jaw-dropping numbers, VCs feel that the reported $92.50 per share is a bargain given Databricks’ biggest competitor is Snowflake, one of tech’s most successful IPOs. TechCrunch Space Every Monday, gets you up to speed on the latest advances in aerospace.

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