Meta backs data analytics firm Databricks as AI boom attracts investors
Mihaela Păun
Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development. The Series J funding round closed on Wednesday and valued Databricks at $62 billion. The company also secured a $5.25 billion credit facility led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley. Founded in 2013, San Francisco-based Databricks offers a platform designed to help
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