Databricks is reportedly in discussions with investors for a new funding round, aiming for a valuation between $165 billion and $175 billion. This round could commence as early as next month. Earlier this year, Databricks raised approximately $5 billion, valuing the company at $134 billion. The company's revenue run rate has surpassed $5.4 billion, marking a 65% increase year-over-year. CEO Ali Ghodsi has indicated that an IPO is still on the horizon, potentially as soon as next year.