Databricks is in talks for a new round of funding, targeting a valuation of over $165 billion.

CoinFeed reported on June 9th that Databricks, a data analytics and AI software company, is in discussions with investors for a new round of funding, targeting a valuation range of approximately $165 billion to $175 billion. This funding round could launch as early as next month. Earlier this year, Databricks completed a funding round of approximately $5 billion, valuing the company at approximately $134 billion. The company stated that its revenue run rate has exceeded $5.4 billion, representing a year-over-year increase of 65%. The report, citing sources, stated that CEO Ali Ghodsi told investors that the company still plans an IPO, which could proceed as early as next year.