WSJ Tech News Briefing TNB Tech Minute: Databricks Raising Funds at $134 Billion Valuation
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Dec 16, 2025 Databricks has made waves by raising over $4 billion, boosting its valuation to an impressive $134 billion. Meanwhile, Invictus Growth Partners is acquiring the AI-based fraud detection firm Informed.IQ for $63 million, expanding its reach into mortgage and consumer lending. In a bold move, PayPal has applied to create its own bank to streamline small-business lending, aiming to reduce reliance on third parties. This trend highlights a growing shift among payments and crypto firms toward establishing banking operations.
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Databricks' Massive Raise And Revenue Surge
- Databricks raised a Series L of over $4 billion, valuing it at $134 billion.
- The company reported a $4.8 billion annual revenue run rate, signaling fast growth before any IPO decision.
Fraud Detection M&A Targets Auto And Mortgage Markets
- Invictus Growth Partners is acquiring Informed.IQ with a $63 million investment to expand fraud detection reach.
- The deal targets growing lender concern over loan fraud and aims to push Informed.IQ into mortgages and consumer lending.
PayPal Seeks Its Own Bank Charter
- PayPal applied to create PayPal Bank as a Utah-chartered industrial loan company to hold deposits and lend directly.
- The move would reduce reliance on third parties and mirrors a broader trend of payments firms moving into banking.