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(Reuters)-Databricks analysis company said on Tuesday that its assessment should jump 61% to more than $ 100 billion in a round of funding, less than a year after the latest round, highlighting the strong demand of investors by rapid growth artificial intelligence startups.
The company said it has signed a commitment term for a Series K round, which would make it one of the most valuable AI companies in the world. The company is about to raise more than $ 1 billion from existing investors, including Thrive Capital, Insight Partners and Andreessen Horowitz, according to a source familiar with the subject.
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Thrive Capital and Insight Partners did not want to comment. Andreessen Horowitz did not immediately respond to a comment.
Databricks has said it will generate $ 3.7 billion in annualized revenue by July, a 50% growth over a year earlier. The company also said it had generated cash in January.
Headquartered in San Francisco, the company is seen as one of the most prominent candidates to open capital. Databricks President Ali Ghodsi said in an interview that the company has been flooded by investor consultations from the successful initial public offering (IPO) of $ 1.22 billion from Figma, another risk-supported startup in July.
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Databricks has about 15,000 customers, including the Block Payment company, the Shell energy giant and the Rivian electric vehicle manufacturer.
At the end of last year, Databricks raised $ 10 billion in one of the largest risk -capital rounds in history, which valued the company at $ 62 billion.
The company expects to use part of the new features in mergers and acquisitions in the AI sector and to hire great industry professionals as the war by talents intensifies.
