The data and AI company Databricks in the USA has announced the launch of a new fundraising round, aiming to raise $10 billion in funds. According to the announcement, this fundraising by Databricks is based on a company valuation of $62 billion, which is nearly 45% higher than the $43 billion in September, and also exceeds its main competitor Snowflake's $57 billion. Thrive Capital, Andreessen Horowitz, DST Global, GIC from Singapore's sovereign wealth fund, and others have committed to participate in this fundraising. Databricks expects to reach the revenue threshold of $3 billion for the first time by the end of the quarter in January and will also record net Cash inflow for the first time. The group has not set a timetable for going public.