Exclusive | Databricks Is Raising Funds at $134 Billion Valuation

Databricks is raising over $4 billion in Series L funding that would value the data-analytics and artificial-intelligence software company at $134 billion, an increase of 34% from its last funding round over the summer. 

The San Francisco-based company also said it crossed $4.8 billion in annual revenue run rate at the end of October, up from the $4 billion it announced a few months ago. Databricks makes money by renting out analytics capabilities, AI and other cloud-based software that taps AI-ready data for building enterprise tech systems.