Nov 17 (Reuters) - Data analytics firm Databricks is in
talks to raise funds at a valuation of more than $130 billion,
about 30% higher than its last financing round two months ago,
The Information reported on Monday, citing two people familiar
with the discussion.
The company declined to comment on the report.
Databricks has not signed a term sheet with any
investment firms, the report added.
Reuters could not immediately confirm the report.
In September, the San Francisco-based company closed a
$1-billion-funding round that valued it at $100 billion, making
it one of the world's most valuable private companies.
At the time, Databricks said it was on track to hit $4
billion in annualized revenue, driven by booming demand for its
artificial intelligence products. The company planned to use the
proceeds to accelerate its AI strategy, expand products, launch
an operational database category and pursue AI acquisitions and
research.
Founded in 2013, Databricks offers a platform that helps
users ingest, analyze and build AI applications. The company has
long been viewed as a leading candidate to go public and has
received numerous investor inquiries.
Databricks has about 15,000 customers, including payments
firm Block, energy giant Shell and electric
vehicle maker Rivian.