Databricks raises 5 billion dollars and is preparing for an IPO.

The American software company Databricks, which has among its founders the Romanian entrepreneurs Ion Stoica and Matei Zaharia, has secured a new funding of 5 billion dollars, boosting its valuation to approximately 134 billion. Major investors, such as Goldman Sachs, Morgan Stanley, and the Qatar Investment Authority, participated in the round. CEO Ali Ghodsi stated that the company is ready for an IPO "when the time is right." The raised capital will be used especially for the development of artificial intelligence-based solutions, supporting the company's growth and potential acquisitions.