A higher target valuation underscores investor appetite for AI-focused data platforms and could strengthen the company’s path toward a future IPO.
Databricks is in talks to raise fresh funding at a valuation above $175 billion, a step up from the $165 billion to $175 billion range previously discussed and from the roughly $134 billion valuation tied to its earlier $5 billion raise this year. The higher target highlights strong investor confidence in AI-driven data platforms and may accelerate the company’s path toward an initial public offering. CEO Ali Ghodsi has previously told investors that Databricks still plans an IPO, with a listing possibly coming as early as next year, according to sources cited in the earlier report.