Databricks Clinches $43 Billion Valuation, Plans More AI Tools
Investors in the software company’s new funding round include T. Rowe Price and Nvidia
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Databricks Inc. has raised $500 million in new funding, a large deal that catapults the software maker’s valuation to $43 billion and highlights its focus on artificial intelligence tools.
The round was finalized after discussions last month, which were reported by Bloomberg. T. Rowe Price lead the financing, with participation from strategic investors Nvidia Corp. and Capital One Financial Corp.