Databricks to Hit $62 Billion Valuation in New Funding Round

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(Bloomberg) — Databricks Inc. is raising $10 billion in new funding, a massive cash injection that will bring the software maker’s valuation to $62 billion.Most Read from BloombergHow California Sees the World, and ItselfHong Kong’s Expat Party Hub Reshaped by Chinese InfluxLondon’s Tube Fares Are Set to Rise by 4.6% Next YearThe fast growing startup “intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market operations,” ac