TechFlow news, January 14 — According to The Information, AI company Databricks has raised $5 billion in debt financing. This latest round follows a $10 billion equity fundraising completed in December last year.
In December last year, big data and artificial intelligence company Databricks announced the completion of a $10 billion Series J funding round at a valuation of $62 billion, led by Thrive Capital and joined by Andreessen Horowitz, DST Global, GIC Pte Ltd, Insight Partners, WCM Investment Management, among others. According to sources familiar with the matter, Lightspeed Venture Partners also invested $200 million.
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