Databricks Inc. has successfully closed a $15.3 billion financing round, achieving a valuation of $62 billion. The round includes a $10 billion Series J equity financing, with Meta Platforms Inc. joining as a strategic investor. Additionally, Databricks secured a $5.25 billion credit facility led by JPMorgan Chase, with participation from other major financial institutions such as Barclays, Citi, Goldman Sachs, and Morgan Stanley. The funds are intended to support global expansion, new product development, and liquidity for current and former employees. The investment from Meta is expected to deepen the collaboration between the two companies on artificial intelligence initiatives, particularly with Meta's Llama open-source models. Over its 12-year history, Databricks has now raised a total of $19 billion, positioning itself at the forefront of the AI revolution. Other investors in the round include the Qatar Investment Authority and Temasek.