Databricks Raises over $500 Million at $43 Billion Valuation

Databricks a cloud-based data analytics company that provides a unified workspace, empowering data engineers, data scientists, and business analysts to collaborate efficiently. With built-in support for popular programming languages like Python, R, and Scala, Databricks simplifies the implementation of complex AI algorithms and workflows. By infusing AI into data analytics, Databricks enables organizations to uncover valuable insights, make data-driven decisions, and gain a competitive edge. 

Databricks has raised more than $500 million in a funding round at $43 billion valuation. The new round was led by T. Rowe Price with participation from Chipmaker Nvidia and credit card firm Capital One Financial. Databricks intends to use the fresh funding to build out foundation models in partnership with Nvidia. “You want to have models that are really good at specific tasks. It matters to us to be able to do this for our enterprise clients,” Ali Ghodsi noted.

Databricks, San Francisco, California, United States, was founded in 2013 by Ali Ghodsi, Andy Konwinski, Ion Stoica, Patrick Wendell, Reynold Xin, Matei Zaharia, and Arsalan Tavakoli. The company also has operations in Canada, the United Kingdom, Netherlands, Singapore, Australia, and many more.

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