Databricks, a San Francisco, CA-based Data and AI company, received a $1 billion in Series G funding.
The Series G funding, which valued Databricks at $28 billion post-money, was led by led by new investor Franklin Templeton joined by Canada Pension Plan Investment Board, Fidelity Management & Research LLC, Whale Rock, Amazon Web Services (AWS), CapitalG, Salesforce Ventures. Microsoft, Andreessen Horowitz, Alkeon Capital Management, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates, Inc., Tiger Global Management, Discovery Capital, Dragoneer Investment Group, Founders Circle Capital, Geodesic, GIC, Green Bay Ventures, Greenoaks Capital, New Enterprise Associates (NEA) and Octahedron Capital.
The company intends to use the funds to continue to accelerate innovation, scale operations and its business reach.
Founded by the original creators of Apache Spark™, Delta Lake and MLflow and led by Ali Ghodsi, CEO and Co-Founder, Databricks provides a unified data platform for data engineering, machine learning and analytics used by more than 5,000 of organizations worldwide — including Comcast, Condé Nast, Nationwide, H&M, and over 40% of the Fortune 500.