Databricks is turning heads amid reports of a major new funding round following strong sales growth over the course of this year.

Massive Valuation Surge

The fast-growing AI and data analytics firm is looking to raise $5 billion in its latest funding round, at a massive valuation of $134 billion, according to a report by The Information.

This comes just a few months after the company closed its Series K round, raising $1 billion, at a $100 billion valuation in September. With the company on track to hit $4 billion in annualized revenue this year, the latest round values it 32 times sales.

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The new round ...