The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers' Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management.

Databricks is the Data and AI company. More than 10,000 organizations worldwide - including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 - rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI.