AI firm Databricks valued at $190 billion as it bags $5 billion in funding

Aug 13 : Databricks said on Thursday it had raised $5 billion at a $190 billion valuation, as the data and artificial intelligence software company looks to expand investments in products that help businesses build and manage AI applications.The funding comes six months after Databricks was valued at about $134 billion in a previous round, as investor demand for companies tied to the AI boom remains strong.The latest round was led by existing investors Coatue, Blackstone, MGX and accounts advised by T. Rowe Price, along with new investor Sixth Street Growth.Databricks also said it had surpassed a $7 billion annualized revenue run-rate and posted more than 80 per cent year-over-year revenue growth in the second quarter. The company said it remained cash-flow positive on an adjusted basis ov