The acquisition of BladeBridge comes simply after Databricks closed its $15 billion Collection J financing spherical that noticed new and present buyers, akin to Temasek and QIA make investments $10 billion. As a part of that spherical, the corporate closed a $5.25 billion credit score facility led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley.
The corporate, after the shut of the funding spherical, had mentioned that it will use the brand new capital in the direction of constructing new AI merchandise, acquisitions, and enlargement of its worldwide go-to-market operations, whereas additionally offering liquidity.
The lakehouse supplier, which is at present valued at $62 billion, has been buying firms to broaden its choices.
