Databricks is reportedly considering a new funding round that could begin within the next month, potentially boosting its valuation to between $165 billion and $175 billion.

The new funding round might kick off within the coming month, reported The Information on Monday.

Despite operating for 13 years, Databricks has repeatedly delayed an IPO, choosing instead to raise private funding and facilitate secondary share sales. The terms of its latest funding round are still being finalized, and it remains unclear whether the new capital will be included in the company’s valuation, as per the report.

CEO Ali Ghodsi told investors that the company remains on track for an IPO, potentially as early as next year, as per the report.

Databricks did not immediately respond to Benzinga‘s request for comments.