Databricks Closes In On $55 Billion Valuation After Latest Fundraise

Databricks is in talks to raise up to $8 billion from investors that would value the data analytics company at $55 billion, in one of the largest fundraises in Silicon Valley.

One of the world’s most valuable private tech companies is raising billions more in cash and is in no rush to go public, sources told CNBC.

San Francisco-based Databricks is raising at least another $5 billion in its latest funding round, though it could raise up to $8 billion given the round is ongoing, according to several people familiar with the mat…