AI startup Databricks hits $62 billion valuation in record VC round

Author

Noel Moldvai
December 19, 2024

TL;DR

  • AI startup Databricks hits $62 billion valuation in record VC round

  • Perplexity AI triples its valuation in about 6 months with latest $500 million funding round

  • Oura closes $200M round, bringing its valuation to $5.2 billion

  • Alongside Trump, SoftBank’s Son announces plan to invest $100B in US businesses

AI startup Databricks hits $62 billion valuation in record VC round

Databricks has raised $10 billion, reaching a $62 billion valuation in one of the largest VC rounds ever. The funds will enable employee stock cash-outs, AI talent hiring, product innovation, and acquisitions. Databricks expects $3.8 billion revenue in FY2025 and plans a future IPO.

Perplexity AI triples its valuation in about 6 months with latest $500 million funding round

Perplexity AI raised $500 million, tripling its valuation to $9 billion in six months. Led by Institutional Venture Partners, the funding reflects strong investor interest in AI startups. Despite legal challenges over copyright infringement, Perplexity continues its rapid growth alongside industry leaders like OpenAI and Anthropic.

Oura closes $200M round, bringing its valuation to $5.2 billion

Oura closed a $200 million Series D, reaching a $5.2 billion valuation. Funds will drive AI development, product expansion, and acquisitions. Partnerships with Dexcom and the military boost growth, alongside retail expansion. With 2.5M rings sold, Oura continues to lead in health tech innovation.

Alongside Trump, SoftBank’s Son announces plan to invest $100B in US businesses

SoftBank CEO Masayoshi Son announced a $100 billion investment in U.S. businesses, aiming to create 100,000 jobs. Praising President-Elect Trump, Son highlighted AI and future industries as focus areas. This follows SoftBank's prior $50 billion U.S. commitment in 2016. Trump encouraged doubling the investment to $200 billion.

More News and Links

Until next week!

Cheerio,
-Noel

These updates are for informational purposes only and do not represent an endorsement or investment recommendation by  Augment Capital, LLC. Augment Markets, Inc. is a technology company offering software and data services, in addition to financial products and services through its wholly-owned but separately managed subsidiary, Augment Capital, LLC. Securities products are offered through Augment Capital, LLC, Member FINRA/SIPC.