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Bengaluru, Sep 15 (PTI) Fintech platform CRED has ruled out an initial public offering (IPO) in the immediate future, with Founder and CEO Kunal Shah stating the company is "too young" for public markets and is instead prioritising robust institutional building and expanding its range of offerings for India's affluent, creditworthy consumers. Acknowledging the inevitability of going public "at the right time", Shah underlined that the firm's immediate focus is on nurturing a trusted financial e ...Read More >
Hyderabad: Databricks, the Data and AI company, announced its Series J funding. The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date. This funding values Databricks at $62 billion and is led by Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners and WCM Investment Management. Other significant participants include existing investor Ontario Teachers' Pension Plan and new investors ...Read More >
New Delhi, Dec 18 (PTI) Data and AI company Databricks on Wednesday said it is raising USD 10 billion in funding led by Thrive Capital and plans to use the fresh capital for new AI products, acquisitions, and expanding its international market operations. The oversubscribed funding round values the San Francisco-headquartered firm at USD 62 billion, according to a company statement. "The company is raising USD 10 billion of expected non-dilutive financing and has completed USD 8.6 billion to d ...Read More >
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