Databricks, the global data and AI company, announced it has raised US$10 billion in series J funding.

Singapore’s GIC co-leads Databricks’ funding round with Andreessen Horowitz, DST Global, Insight Partners, and WCM Investment Management.

This brings the total amount raised to US$8.6 billion, with a valuation of US$62 billion.

The funds will be used to develop AI products, conduct acquisitions, and expand international operations in response to customer demand.