Databricks Raises $1 Billion at a $100 Billion Valuation (1)

Databricks Inc., one of the world’s most valuable startups, said it closed a $1 billion funding round, valuing the software provider at more than $100 billion.

The round was co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital and WCM Investment Management, Databricks said Monday in a statement. The company also said it surpassed $4 billion in revenue run rate during the second quarter, a 50% year-over-year increase. The firm’s AI products also recently hit $1 billion in run rate, it added.

The Wall Street Journal reported earlier on some details about the financing round and revenue figures. ...