Databricks secures over $7bn in investment, with $5bn equity financing at a $134bn valuation and $2bn in additional debt capacity. Q4 revenue surpasses $5.4bn, showing 65% growth. Funds will bolster Lakebase and Genie initiatives, AI research, and acquisitions, enhancing data access and insights for employees.

Investors include JPMorgan Chase, Glade Brook Capital, Goldman Sachs, Microsoft, and others. Credit facilities led by JPMorgan, Barclays, Citi, Goldman Sachs, and Morgan Stanley. Databricks reports positive free cash flow, $1.4bn AI product revenue, and over 800 customers generating $1m annually.

Databricks plans to expand Lakebase and Genie capabilities, aiding clients in building AI applications and improving data access. JPMorgan Chase praises Databricks as a pivotal company supporting enterprise data and AI needs globally.

Toyota Motor adopts Databricks Data Intelligence Platform for its vista project, merging data sources for efficient AI model development. Databricks selected for its secure, unified platform, aiding Toyota in overcoming infrastructure challenges and siloed data.

Databricks secures a Series L investment exceeding $4bn, valuing the company at $134bn. Funding will assist customers in developing AI apps and agents using proprietary data frameworks like Lakebase.

Read more at Yahoo Finance: Databricks nears $5bn equity raise at $134bn valuation