Databricks in Talks to Raise at Above $165 Billion Valuation

Databricks, a provider of database management software, has discussed raising more money in a funding round that could kick off within the next month, according to multiple people with direct knowledge of the conversations. Databricks has indicated to investors the new round could lift its valuation to between $165 billion and $175 billion.

That would mark a jump from its $134 billion valuation, including the money raised, in a round raised late last year. The 13-year-old company has repeatedly pushed off going public, instead opting to raise successive rounds of private capital and arranging for sales of existing shares. The final terms have not been set on the new round, and it’s not clear whether the valuation would include the new funding.