Databricks has closed a $5 billion funding round and secured an additional $2 billion in credit, bringing the company's total valuation to $134 billion. The data analytics software firm reported that its annualized revenue topped $5.4 billion for the quarter ending in January, marking a 65% increase over the previous year. Ali Ghodsi, the company's co-founder and CEO, said Databricks is ready to launch an initial public offering (IPO) "when the time is right." Investors in this latest round include Goldman Sachs, Glade Brook Capital, Morgan Stanley, Neuberger Berman, and the Qatar Investment Authority.