Microsoft Invests in ‘Boring AI’ Startup Valued at $2.75 Billion
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Databricks Inc., which says it makes software to help companies satisfy their “boring AI” needs, raised a new round of funding that values the business at $2.75 billion.
Microsoft Corp. was among the investors in the $250 million financing, the company said on Tuesday. Venture capital firm Andreessen Horowitz led the deal, with contributions from Coatue Management and New Enterprise Associates. The investment brings Databricks’ total fundraising haul to almost $500 million since the company was founded in 2013.