Databricks in talks to raise capital at above $130 billion valuation, The Information reports

Company Overview - Databricks is in discussions to raise funds at a valuation exceeding $130 billion, which is approximately 30% higher than its last funding round two months ago [1] - The company has not yet signed a term sheet with any investment firms [1] Recent Funding and Financial Performance - In September, Databricks completed a $1 billion funding round that valued the company at $100 billion, positioning it among the world's most valuable private companies [2] - The company is projected to achieve $4 billion in annualized revenue, driven by increasing demand for its artificial intelligence products [2] - Databricks intends to utilize the funding to enhance its AI strategy, expand its product offerings, launch an operational database category, and pursue AI-related acquisitions and research [2] Business Model and Clientele - Founded in 2013, Databricks provides a platform for users to ingest, analyze, and develop AI applications [3] - The company has approximately 15,000 customers, including notable firms such as Block, Shell, and Rivian [3]