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 before it closes, Reuters reports. Just 17 days ago, Reuters reported that the deal was at $8 billion and a $55 billion valuation. Thrive Capital is leading the deal with returning investors Andreessen Horowitz, Insight Partners, and Singaporean sovereign wealth fund GIC.
This is bigger than OpenAI’s $6.6 billion raise in October, the largest round of all time, also led by Joshua Kushner’s Thrive (pictured). Databricks might also take on $4.5 billion of debt as part of this deal.
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