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Meta joins $10b funding for Databricks
Databricks, a data analytics software startup, has secured Meta as a new investor.
This investment is part of a US$10 billion funding round that is among the largest in venture capital, featuring contributions from the Qatar Investment Authority.
Meta’s investment aligns with its development of Llama, an open-source large language model that Databricks incorporates into its AI offerings.
To date, Databricks has raised a total of US$14 billion in venture funding.
The company has indicated the potential for an initial public offering (IPO) within the next year.
Recent Databricks developments
| Timeline |
|---|
18-Dec-2024 💰 GIC co-leads Databricks’ $10b series J investment
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25-Jun-2024 🚀 Reddit’s IPO signals thawing tech winter, but listing game has changed
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15-Sep-2023 🚀 In 50 Words: Databricks raises $500m, valuation hits $43b in AI expansion bid
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14-Jul-2023 📈 In 50 Words: Rising tech startups contemplate sale due to financial issues
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| 06-Jan-2023 💡 How companies can harness data to attain hypergrowth |
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