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Databricks, a prominent software company, is considering a significant private fundraising round aimed at allowing employees to sell their expiring restricted stock units (RSUs). The company is expected to raise billions of dollars at a valuation of $55 billion. Thrive Capital is reportedly in talks to acquire a $1 billion stake in Databricks as part of this fundraising effort. This move indicates that Databricks is not planning an initial public offering (IPO) in the near future.
Sources tell us that Thrive is in talks to invest about $1 billion in Databricks new tender offer (~$55B valuation). Part of a new pattern for Thrive writing *big* checks in companies like OpenAi and Stripe https://t.co/WpwAqnnPsA
Thrive Capital is in talks to acquire a roughly $1 billion stake in analytics software maker Databricks, according to people familiar with the matter https://t.co/MPVsKLjMCT
IPO markets set to open in 2025. Stripe is a top choice. Should you buy? And at what price? We discuss this and more on Monday. https://t.co/0zPeYMDc7G