Business & Funding

Databricks has announced a new funding round valuing the company at $188 billion, extending a rapid valuation climb powered by its shift from data platform to enterprise AI infrastructure. The company is also using research on open-weight coding models to strengthen its AI cost-control narrative.

Investors are looking beyond chips and cloud platforms to the electricity infrastructure behind AI data centers. Energy IPOs are raising money at a historic pace, but post-listing performance is already uneven.