Databricks, a global data and AI company, has completed a total funding of $15 billion.

Databricks announced on the 23rd that it has finalized its Series J investment.

This investment was participated by existing investor Qatar Investment Authority (QIA), new investors Temasek and Macquarie Capital.

Databricks has been valued at $62 billion, with Meta joining as a new strategic investor.

The funds will be used to develop new AI products, pursue mergers and acquisitions, and expand into global markets.

Following its $10 billion investment, Databricks has signed a $5.25 billion credit facility agreement with major financial institutions and alternative asset managers.

The agreement includes a $2.5 billion unused credit line and a $2.75 billion term loan.

“This round of funding was successful because investors believed in Databricks’ vision and market impact,” said Ali Ghodsi, Databricks Co-Founder and CEO.

He stressed that companies are recognizing the potential of generative AI and focusing on modernizing their data and AI infrastructure.

Databricks' data intelligence platform democratizes data and AI, enabling enterprises to leverage data analytics, machine learning, and agentive AI applications.It supports easier use.

This platform is enabling groundbreaking results in a variety of areas, including early detection of disease and cancer, climate change response, financial fraud detection, accelerated drug development, and shortened mental health intervention times.