Databricks Secures $5 Billion Through Debt Financing

According to Odaily, AI company Databricks has raised $5 billion through debt financing. This follows a $10 billion equity financing round completed in December of last year. In December, Databricks, a big data and artificial intelligence company, announced it had achieved a $62 billion valuation after completing a $10 billion Series J funding round. The round was led by Thrive Capital, with participation from Andreessen Horowitz, DST Global, GIC Pte Ltd, Insight Partners, and WCM Investment Management. Sources indicate that Lightspeed Venture Partners also contributed $200 million to the investment.