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Databricks has secured an additional $1.8 billion in financing from broadly syndicated loan investors and private credit lenders. This funding round comes shortly after the company’s substantial $10 billion Series J financing. The new capital will primarily be used to refinance existing debt, support ongoing share repurchase programs, and provide general corporate liquidity. This move highlights the strong investor confidence in Databricks’ valuation and its position in the AI and data analytics market, despite a tighter credit environment. The financing follows the company’s recent efforts to provide liquidity to employees and shareholders. Concurrently, Databricks continues to pursue growth through strategic acquisitions, such as data governance startup Lilac, to enhance its Lakehouse platform capabilities.
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