[Databricks in Talks for New Funding Round, Target Valuation Exceeds $165 Billion] Data analytics and AI software company Databricks is in discussions with investors for a new funding round, targeting a valuation range of approximately $165 billion to $175 billion. This round of funding could begin as early as next month. Earlier this year, Databricks completed a funding round of approximately $5 billion, with a valuation of around $134 billion. The company stated that its revenue run rate has exceeded $5.4 billion, representing a 65% year-over-year growth. According to sources cited in the report, CEO Ali Ghodsi has informed investors that the company still plans to pursue an IPO, which could move forward as early as next year.