The Latest Breaking News from Ali Ghodsi

Databricks CEO says AI-powered coding, enterprise agents, and rapid app development could propel it into the trillion-dollar club.

Private data analytics firm Databricks could be worth $130 billion in a new funding round. The new valuation would provide a boost to early investors ahead of a potential IPO, including NVIDIA Corporation (NASDAQ:NVDA), Cathie Wood's Ark Invest and former Speaker of the House Nancy Pelosi (D-Calif.).

The data analytics company is seeing ‘huge demand’ in its business right now, but does not have a timeline for an IPO.

The $500 million round comes on the heels of a big acquisition for Databricks.

Databricks was interested in an acquisition—but first MosaicML’s CEO had to be convinced that he wouldn’t be buried in bureaucracy.

A new Fortune report details the story behind Databricks’ acquisition of MosaicML.

A chance meeting between two CEOs ended up sparking one of the biggest A.I. deals of the year.

MosaicML’s venture investors aren’t cashing out with the sale, but early backers are on track to make “significant double-digit cash-on-cash returns” when Databricks does exit.

Databricks says it’s cut its internal valuation about 10%—some of its investors haven’t been as forgiving.