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Story summary
- Databricks raised over $4 billion in a Series L round, valuing the company at $134 billion, up 34% from three months earlier.
- It marks the third fundraising in less than a year.
- Databricks posted a $4.8 billion revenue run rate, up 55% YoY, with over $1 billion from AI products.
- The funding will create jobs in Asia, Europe, and Latin America and boost its AI research team.
