Databricks to Hit $62 Billion Valuation in New Funding Round [Yahoo! Finance Canada]
Snowflake Inc. Class A (SNOW)
Last snowflake inc. class a earnings: 5/4 06:30 am
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Source: Yahoo! Finance Canada
(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 Bloomberg The startup, which is among the world's most highly valued closely held companies, “intends to invest this capital towards new AI products, acquisitions, and significant expansion of its international go-to-market operations,” according to a statement released Tuesday. The capital will also be used toward buying shares owned by current and former employees. Funding was led by Thrive Capital with participation from firms including Andreessen Horowitz and DST Global. “These guys are execution machines. They are ready to be a public company,” Thrive Capital partner Vince Hankes said in an interview. “Raising a little capital and providing liquidity to employees takes some of that pressure off.” In the fiscal year ending in January 2025, Databricks expects to cross $3 billion in annualized revenue. S
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- Snowflake Inc. (NYSE: SNOW) had its price target raised by analysts at Loop Capital from $185.00 to $205.00. They now have a "buy" rating on the stock.MarketBeat
- Snowflake Inc. (NYSE: SNOW) was downgraded by analysts at Wedbush from a "strong-buy" rating to a "hold" rating.MarketBeat
SNOW
Earnings
- 11/20/24 - Beat
SNOW
Sec Filings
- 1/3/25 - Form 4
- 1/2/25 - Form 4
- 1/2/25 - Form 144
- SNOW's page on the SEC website