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00:02Databricks is in talks to raise $5 billion in a valuation of $134 billion, according to Reuters.
00:08Investor documents show the company increased its 2025 sales projection multiple times,
00:13now expecting about $4.1 billion, up 55% from last year.
00:18Databricks also told investors its gross margin is falling to 74% because of rising AI product usage.
00:24After 2013, the company provides a platform for data ingestion, analytics, and AI application development.
00:31Databricks serves more than 20,000 customers, including Block, Shell, and Rivian.
00:35For all things money, visit Benzinga.com.
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