Notice: file_put_contents(): Write of 1286 bytes failed with errno=28 No space left on device in /var/www/tg-me/post.php on line 50
Warning: file_put_contents(): Only 8192 of 9478 bytes written, possibly out of free disk space in /var/www/tg-me/post.php on line 50 Venture Capital | Telegram Webview: venture_tg/4998 -
🚨Databricks is on track to raise a record $9.5+ billion round at $60B valuation
Databricks is nearing completion of a $9.5 billion funding round at a valuation of $60 billion, which includes a secondary sale for employees. This marks an increase from a previous report just 17 days ago, which noted an $8 billion deal and a $55 billion valuation. Thrive Capital is leading the investment, joined by returning investors such as Andreessen Horowitz, Insight Partners, and GIC.
This funding round surpasses OpenAI's record $6.6 billion raise from October. Additionally, Databricks may take on $4.5 billion in debt as part of the deal. Despite the large figures, venture capitalists view the $92.50 per share price as a bargain, especially compared to Databricks' main competitor, Snowflake, which has a market cap of around $56 billion.
🚨Databricks is on track to raise a record $9.5+ billion round at $60B valuation
Databricks is nearing completion of a $9.5 billion funding round at a valuation of $60 billion, which includes a secondary sale for employees. This marks an increase from a previous report just 17 days ago, which noted an $8 billion deal and a $55 billion valuation. Thrive Capital is leading the investment, joined by returning investors such as Andreessen Horowitz, Insight Partners, and GIC.
This funding round surpasses OpenAI's record $6.6 billion raise from October. Additionally, Databricks may take on $4.5 billion in debt as part of the deal. Despite the large figures, venture capitalists view the $92.50 per share price as a bargain, especially compared to Databricks' main competitor, Snowflake, which has a market cap of around $56 billion.
The STAR Market, as is implied by the name, is heavily geared toward smaller innovative tech companies, in particular those engaged in strategically important fields, such as biopharmaceuticals, 5G technology, semiconductors, and new energy. The STAR Market currently has 340 listed securities. The STAR Market is seen as important for China’s high-tech and emerging industries, providing a space for smaller companies to raise capital in China. This is especially significant for technology companies that may be viewed with suspicion on overseas stock exchanges.
The global forecast for the Asian markets is murky following recent volatility, with crude oil prices providing support in what has been an otherwise tough month. The European markets were down and the U.S. bourses were mixed and flat and the Asian markets figure to split the difference.The TSE finished modestly lower on Friday following losses from the financial shares and property stocks.For the day, the index sank 15.09 points or 0.49 percent to finish at 3,061.35 after trading between 3,057.84 and 3,089.78. Volume was 1.39 billion shares worth 1.30 billion Singapore dollars. There were 285 decliners and 184 gainers.
