Databricks is in talks for a new round of financing with an estimated valuation of over $16.5 billion.

Multiple sources familiar with the matter revealed that the database management software vendor Databricks is in talks for a new round of financing, which may start next month. The company has informed investors that its valuation is expected to reach between $165 billion and $175 billion after completing the financing. The company completed a financing round at the end of last year, with a post-fundraising valuation of $134 billion. This valuation is significantly higher than the previous one. The company, which has been established for 13 years, has repeatedly postponed its plans to go public and instead continued private fundraising and arranged for the transfer of existing shares. The final terms of this round of financing have not yet been finalized, and it is uncertain whether the latest valuation includes the new fundraising.