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for sale and rental listings, July 24 to June 2025. Here's your morning TNB Tech Minute for Tuesday,

December 16th. I'm Julie Chang for the Wall Street Journal. We are exclusively reporting

that Databricks has announced a massive series L funding round of over $4 billion, boosting its

valuation to $134 billion. That's a 34% increase from the data analytics and AI software company's last funding round.

Databricks said it crossed $4.8 billion in annual revenue run rate at the end of October,

up from the $4 billion and announced a few months ago.

Data Briggs has been on an initial public offering watch list for years,

but its CEO said he hasn't decided exactly

when to pursue an IPO. Invictus Growth Partners has made a $63 million investment to acquire

informed IQ, a company that provides artificial intelligence-powered verification and fraud prevention

services to institutional lenders. The deal is

driven by heightened industry concern over loan fraud, especially following the recent bankruptcy of a

subprime auto lender. Informed AI software is used by major financial institutions like JPMorgan

Chase and Capital One to vet borrowers and weed out fraud.

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