"Snowflake's main rival" Databricks completes a $30 billion strategic financing: valuation soars to $188 billion, AI data platform value continues to be reevaluated.

Zhijun Finance and Economics App learned that Databricks, a global leading data analysis and artificial intelligence platform, announced on Thursday that it has signed a new round of strategic financing terms, led by existing investor Coatue Management, with a financing scale of about 3 billion US dollars and a post-investment valuation of 188 billion US dollars. This valuation is about 40% higher than the 134 billion US dollars financing round completed by the company earlier this year. This round of financing is expected to be completed later this summer and will bring in more new investors and existing investors.