Private data analytics firm Databricks could be worth $130 billion in a new funding round. The new valuation would provide a boost to early investors ahead of a potential IPO, including NVIDIA Corporation (NASDAQ:NVDA), Cathie Wood's Ark Invest and former Speaker of the House Nancy Pelosi (D-Calif.).

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Databricks New Funding Round

A new report from The Information said Databricks is looking to raise funding at a $130 billion valuation, a 30% increase from the company's $100 billion valuation around two months ago.

In September, Databricks raised $1 billion at a $100 billion valuation. At that time, the company said it was on track for annualized revenue of $4 billion.

The company has put off an IPO with co-founder and CEO Ali Ghodsi previously saying 2024 wasn't the year to file an IPO.

"This year was an election year. We wanted to get some stability, people are worried about interest rates, inflation,” Ghodsi said at the time, as reported by TechCrunch. “So we said ‘Look, it's dumb to IPO this year,’ so we're definitely going to wait.”

Ghodsi said at the time that ...