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00:02Datebricks said Monday it raised $5 billion in funding and secured $2 billion in new debt
00:08capacity at a $134 billion valuation, according to CNBC. The privately held data analytics company
00:16said annualized revenue exceeded $5.4 billion in the January quarter, up 65% year over year,
00:23and reported free cash flow over the past year. AI products now generate $1.4 billion in annualized
00:29revenue, according to the company. CEO Ali Godsey said Datebricks is prepared to go public when
00:35market conditions improve, but will remain private if equity markets continue to weaken.
00:40Goldman Sachs, Gladebrook Capital, Morgan Stanley, Neuberger Berman, and the Qatar Investment Authority
00:46participated in the equity round, while J.P. Morgan led the debt financing.
00:51For all things money, visit Benzinga.com.
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