[Databricks Plans to Raise Funds at a $188 Billion Valuation, Led by Coatue] Odaily Planet Daily News – Data and AI company Databricks announced that it is advancing strategic investment at a $188 billion valuation, with Coatue leading the round. Both new and existing investors will participate. The company has signed the relevant term sheet and expects to complete the investment process this summer. Databricks stated that the funds raised will primarily be used to strengthen its AI strategy and continue advancing core products and technologies such as Unity AI Gateway, Genie, and Lakebase. The company also plans to allocate part of the funds for AI-related acquisitions and enhancing R&D capabilities.