Databricks in talks to raise capital at $134 billion valuation: Report

Data analytics firm Databricks is in talks to raise $5 billion at a valuation of $134 billion, which is roughly 32 times this year’s expected sales of about $4.1 billion, The Information reported on Sunday, citing investor documents and a person familiar with the matter.

Reuters could not immediately verify the report. Databricks declined to comment.

The company has increased its sales projections at least twice this year, the Information reported, adding that in September, Databricks revised its sales projection from $3.8 billion to $4 billion, before…