Databricks, an American AI company founded by two Romanians, has raised 4 billion dollars in a funding round, valuing the firm at 134 billion dollars.

Databricks, an American company specializing in data and artificial intelligence, recently raised over $4 billion in a Series L funding round, valuing the firm at $134 billion. This round was led by major investors such as Insight Partners, Fidelity Management & Research, and J.P. Morgan Asset Management, with participants including renowned firms like Andreessen Horowitz and BlackRock. The company, founded in 2013 by two Romanians, Ion Stoica and Matei Zaharia, reported annualized revenues of $4.8 billion in the third quarter, with a 55% increase compared to the previous year. Databricks intends to use the funds to accelerate the development of AI applications and to expand research in the field. With over 20,000 global clients, including Shell and Adobe, the company proves to be an essential player in the artificial intelligence sector.