Databricks said it is raising $4 billion at a $134 billion valuation to support AI app building. The valuation is a 34% jump from a funding round announced in August. Companies such as Databricks, ...

Databricks recently reached a valuation exceeding $100 billion following its latest funding round, joining the elite group of most-valuable private companies like SpaceX, ByteDance and OpenAI.

Data analytics company Databricks says its mission is to deliver data intelligence to every enterprise by allowing organizations to understand and use their unique data to build their own AI systems.

Databricks has emerged as a competitive threat to Snowflake. A $15 billion fundraising round earlier this year confirms the excitement around this company. According to the CFO, revenue was on track ...