'We wanted to raise $1 billion, but then The Information printed this article saying that Databricks is doing a big fundraise. They did that in the middle of our conference. We were heads down with our conference, and we were not actually at all focused on fundraising,' Ghodsi recalled, referring to a conference that took place in June. When there's that much desire to get into a deal, telling some long-term backers no is a recipe for hard feelings. Databricks decided to issue more stock, and in July, sent out a press release announcing it had closed its new round at a $188 billion valuation. (The company didn't disclose at the time how much it had raised.) On Thursday, Databricks shared it raised $5 billion from a paragraph worth of VCs that it let in on the deal and that its valuation pushed higher to a nice round $190 billion. The $5 billion round was led by Coatue and several others, including Blackstone, MGX, various accounts associated with various arms of T. Rowe Price, and...
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