Databricks, a leading data analytics company, is planning to raise $5 billion in a funding round that would value the firm at $55 billion. This move follows recent funding successes and aims to support its continued growth and potential IPO.

Databricks, a leading data analytics company, is planning to raise at least $5 billion in a funding round that would value the company at $55 billion. This funding will enable employees to cash out some shares and follows a successful Series I funding earlier this year.