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US software company co-founded by two Romanians reaches USD 62 billion valuation

December 19, 2024

Databricks, a US-based software company co-founded by Romanian entrepreneurs Ion Stoica and Matei Zaharia, has reached a USD 62 billion valuation after securing new funding worth USD 10 billion.

The company, ranked among the most valuable private companies globally, plans to invest this capital in new AI products, acquisitions, and significantly expanding its international sales operations. Part of the sum will also be used to purchase shares held by both current and former employees as...

The text of this article has been partially taken from the publication:
https://www.romania-insider.com/databricks-romanian-founders-valuation-dec-2024
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