Databricks, an American artificial intelligence (AI) company recognized as one of the world's most valuable private firms, has been valued at $62 billion.

According to CNBC on the 17th, Databricks recently raised $10 billion in its latest funding round. The investment was led by prominent venture capital firm Thrive Capital, with participation from global players such as Andreessen Horowitz, DST Global, and the Singaporean sovereign wealth fund GIC.

Headquartered in San Francisco, Databricks specializes in data and AI solutions. In June, it announced a collaboration with AI chip leader NVIDIA to optimize data and AI workloads. In October, the company signed a five-year agreement to utilize AI chips developed by Amazon.

The recent funding round has significantly boosted Databricks' valuation by over 40%, up from $43 billion a year ago. While this figure falls short of OpenAI's $157 billion valuation from its September funding round, Databricks remains one of the most prominent private firms.

Globally, the most valuable private company is ByteDance, the Chinese parent company of the video-sharing platform TikTok, which recently self-assessed its valuation at $300 billion while offering stock buybacks to investors.

Databricks is expected to surpass $3 billion in annual revenue for the fiscal year ending January 2025. Despite challenges faced by many software companies, Databricks reported over 60% revenue growth in its most recent quarter (August to October) compared to the previous year.

The market has shown keen interest in Databricks’ potential initial public offering (IPO) for several years. However, CEO Ali Ghodsi suggested that while the company could theoretically pursue an IPO as early as next year, there is no rush to move forward with the process.