Databricks has confirmed that it has closed a previously announced $10 billion in Series J equity financing at a $62 billion valuation.

Databricks said on Wednesday Meta Platforms had joined as an investor in a $10 billion funding round intended to fuel the data analytics startup's expansion plans and new product development.

Even as four wildfires continued to burn in Los Angeles County Wednesday, the blazes were already rewriting the record books.

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I favor the bullish case — although in my view the market will only react positively if SoFi exceeds investor expectations and raises its guidance when the company

Shares of Reddit, Inc. (NYSE:RDDT – Get Free Report) hit a new 52-week high during trading on Tuesday after Raymond James raised their price target on the stock from $150.00 to $200.00. Raymond James currently has a strong-buy rating on the stock.

Meta Joins $10 Billion Databricks Funding Round Amid AI Boom Databricks announced that Meta Platforms (NASDAQ:META) participated in its $10 billion Series J funding round, valuing the data analytics startup at $62

Databricks, a competitor for data cloud platforms such as Snowflake, has raised $15B through recent funding and debt financing, and also gained Meta Platforms as a strategic investor. Read more here.

It's a busy Tuesday in the Bay Area. Don't miss all the local business news: Trump 2.0 changes, Waymo, BofA on crypto, FDIC suing SVB execs, $100 million fundings and more.

DBS analyst Nashrullah Putra Sulaeman maintained a Buy rating on Uber Technologies (UBER – Research Report) today and set a price target of

A month after announcing its first funding round and debut insurance product, Stand is seeing a huge surge in interest due to the LA wildfires.