Databricks, a San Francisco, CA-based data and AI company, raised an undisclosed amount in Series I funding.
Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments, participated in the funding round, which put the company at a $43B post-money valuation. They joined previously announced investors participating in the Series I funding, including Andreessen Horowitz, Baillie Gifford, Capital One Ventures, ClearBridge Investments, funds and accounts managed by Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, Gaingels, Ghisallo Capital Management, GIC, NVIDIA, Octahedron Capital, Ontario Teachers’ Pension Plan, funds and accounts advised by T. Rowe Price Associates, Inc. and Tiger Global.
The company intends to use the funds to accelerate the development of its AI technology, Gen AI research, and hire AI data scientists and engineering talent.
Led by CEO Ali Ghodsi, Databricks is a data and AI company whose platform unifies data, analytics, and AI on a single platform enabling customers to govern, manage, and derive insights from enterprise data and build their generative AI solutions faster. Its solutions are used by more than 10,000 organizations worldwide — including Comcast, Condé Nast, and over 50% of the Fortune 500.
FinSMEs
10/11/2023