HedgeCo.Net — Databricks said Thursday it closed a $5 billion strategic funding round at a $190 billion valuation, led by Coatue with Blackstone, MGX, accounts advised by T. Rowe Price, and new investor Sixth Street Growth, after the data-and-AI platform crossed a $7 billion revenue run-rate with more than 80% year-over-year growth in the second quarter. For venture and growth allocators, the round is less a financing than a market-structure statement: the largest private AI-infrastructure compa...
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