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The database-management software company may begin raising another investment round within the next month, The Information reported. It was last valued at US$134-billion after it raised a US$7-billion round in February. (The Information)
Talking point: Databricks’s growing valuation is good news for Ontario Teachers’ Pension Plan, which has made multiple investments in the San Francisco-based company. The firm’s steady stream of megadeals gives it cash and time to keep growing the business without going public. Co-founder and CEO Ali Ghodsi said last week that while Databricks plans to eventually go public, 2026 has turned out to be “a terrible year” for IPOs, with the behemoth planned listings of SpaceX, Anthropic and OpenAI—which filed for its public offering Monday—dominating investor attention.
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