Databricks Surges to $100B Valuation, Boosting Nancy Pelosi and Cathie Wood's Investments

Databricks has raised $100 billion in a new funding round, increasing its valuation by 61% from 2024 valuations. Existing investors, including Rep. Nancy Pelosi, Cathie Wood, and NVIDIA, have seen their investments grow significantly. The new funding will be used for product development and potential M&A activity in the AI space. Databricks has over 15,000 customers and competes with companies like Snowflake and Palantir in the data analytics and AI data spaces.