Databricks Seeks $130 Billion Valuation, Information Says (2)

Databricks Inc.is in talks to raise funds at a valuation north of $130 billion, the Information reported, underscoring persistent interest in the providers of AI tools despite growing warnings of an industry bubble.

The startup will likely raise from $3 billion to $5 billion, the publication said, adding that Databricks is weighing an offer from Insight Partners to lead the round.

The US startup aims to put the new capital toward hiring and acquisitions though it hasn’t signed a term sheet with investment firms, the outlet reported, citing a person involved in the talks. If a deal ...