Databricks hits $5.4B revenue run rate and banks a $134B valuation in a rare software surge
Databricks is having one of those years that most enterprise software companies would quietly envy. The data and AI platform says it has reached a $5.4bn annual revenue run rate, growing 65% year over year, at a time when growth across the sector has cooled noticeably. For a private company, that pace is rare. And it helps explain why investors have continued to pour money into Databricks, even as funding has become more selective. The company says it has now raised more than $7bn in total capital, including recent equity funding that values the business at $134bn, alongside a large… This story continues at The Next Web from LatestTechyTalks
