Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

By CNBC   |   1 year ago
Databricks closes in on multibillion funding round at $55 billion valuation to help employees cash out

Ali Ghodsi, CEO of Databricks Inc., a top private tech company, is raising $5-8 billion in a funding round, valuing the company at $55 billion. The focus is on helping employees sell shares and delaying an IPO.

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