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435 Databricks Considers Raising Cash to Resolve Employee Stock Squeeze

The Information
Cory Weinberg @ The Information 3 place · 11/12/2024 12:45 EDT

Enterprise software firm Databricks, one of the world’s most valuable private tech companies, is considering raising several billion dollars in the coming months to allow employees to cash out stock grants that begin to expire in early 2026.

Such a move would signal that the firm, whose business of data management software has gotten a boost from artificial intelligence services, isn’t planning to go public anytime in the next year.

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