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Databricks Targets Mega Raise Amid Revised Sales Outlook
Description
Databricks is discussing a $5 billion funding round at a $134 billion valuation after sharply raising its 2025 sales outlook to $4.1 billion. The company told investors that strong AI product usage is lifting revenue but lowering gross margins to 74%. Databricks now serves more than 20,000 customers, including Block, Shell, and Rivian.
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