Databricks said on Tuesday that it has raised more than $4 billion at a valuation of $134 billion, the latest example of investors betting big on companies benefiting from the broader adoption of ...

Databricks is raising over $4 billion in a new funding round that values the software firm at $134 billion, another example of how some tech companies are achieving massive scale without going public.

Databricks recently reached a valuation exceeding $100 billion following its latest funding round, joining the elite group of most-valuable private companies like SpaceX, ByteDance and OpenAI.