Databricks wanted to raise $1B, investors offered $15B — it settled on $5B at a $190B valuation

BitcoinWorld Databricks wanted to raise $1B, investors offered $15B — it settled on $5B at a $190B valuation Databricks closed a $5 billion funding round at a $190 billion valuation, the company announced Thursday, after investor demand for the AI data company reached $15 billion — far exceeding the $1 billion it originally intended to raise.

Co-founder and CEO Ali Ghodsi told Bitcoin World that the oversubscription forced the company to sell more shares than planned, turning a routine capital raise into one of the largest private financings of the year.

Why investor demand exploded Ghodsi said the company’s initial plan was to raise just $1 billion, but a report from The Information published during Databricks’ June conference changed everything.

“As soon as that article went out, there was a long line of investors that started calling. My phone blew up,” he recalled.