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Databricks raises over $500 million at $43 billion valuation

Economic Times · 1y

Databricks, a data and AI company, has secured over $500 million in funding at a valuation of $43 billion. The funds will be used to accelerate innovation in data and AI and expand the company's global footprint. Databricks provides an open and unified platform for data engineering, data science, and machine learning. The funding round was led by investment firms Andreessen Horowitz, T. Rowe Price, and Tiger Global.