[Databricks Raises $3 Billion, Valuation Soars to $188 Billion] According to monitoring by Beating, AI data platform Databricks will receive a $3 billion investment led by Coatue, bringing its valuation to $188 billion. Compared to the $134 billion valuation at the end of last year, Databricks' valuation has increased by 40%. The company's annualized revenue run rate exceeded $5.4 billion in February, with AI products contributing $1.7 billion. Databricks primarily helps enterprises store and analyze data, as well as manage AI models. The new funding also allows it to further delay its IPO. [Original Link]