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Stockreport

Databricks raises $4B at $134B valuation as its AI business heats up [TechCrunch]

Alphabet Inc. - Class C Capital Stock (GOOG)  More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Makes sense, in a way: IPOs were traditionally a way to raise money, and if you can manage to raise ungodly amounts without having to put your company through public scrutiny, why do it? Databricks is proving that point: the data intelligence company has just raised more than $4 billion in a Series L funding round at a $134 billion valuation — up 34% from the $100 billion valuation that it achieved just three months ago This is Databricks' third major venture fundraise in less than a year, and it comes as the company focuses on building products that address the needs of the AI revolution: a database for AI agents, an AI agent platform, and apps that let companies build and deploy data and AI applications. The company is investing heavily in its database for AI agents, known as Lakebase, which is based on the open source database Postgres (enabled by the $1-billion acquisition of a startup called Neon), and is aimed at corporate developers' vibe-coding projects. Meanwhile, its A [Read more]
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Stockreport

Databricks raises $4B at $134B valuation as its AI business heats up [TechCrunch]

Alphabet Inc. - Class C Capital Stock  (GOOG) 
More Company Research Source: TechCrunch
Last alphabet inc. - class c capital stock earnings: 4/28 04:02 pm Check Earnings Report
US:NASDAQ Investor Relations: abc.xyz/investor
Makes sense, in a way: IPOs were traditionally a way to raise money, and if you can manage to raise ungodly amounts without having to put your company through public scrutiny, why do it? Databricks is proving that point: the data intelligence company has just raised more than $4 billion in a Series L funding round at a $134 billion valuation — up 34% from the $100 billion valuation that it achieved just three months ago This is Databricks' third major venture fundraise in less than a year, and it comes as the company focuses on building products that address the needs of the AI revolution: a database for AI agents, an AI agent platform, and apps that let companies build and deploy data and AI applications. The company is investing heavily in its database for AI agents, known as Lakebase, which is based on the open source database Postgres (enabled by the $1-billion acquisition of a startup called Neon), and is aimed at corporate developers' vibe-coding projects. Meanwhile, its A [Read more]
IMPACT SNAPSHOT
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GOOG
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Price Change %
Volume Shares
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Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
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SINCE EVENT
Multi-day stock performance from the time of the news release
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%
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TICKS
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EVENT DAY
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