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Databricks raises $500M more, boosting valuation to $43B despite late-stage gloom

Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion. Databricks last raised $1.6 billion in August of 2021 at a post-money valuation of $38 billion, and seeing the company add $5 billion to its price tag is proof that wider trends do not affect everyone equally, if they do at all. Capital from T. Rowe Price, Morgan Stanley, Fidelity, and Franklin Templeton fills up the “pre-IPO” portion, as these investors often put money in companies that are expected to go public sooner than later. ....

Andreessen Horowitz , Morgan Stanley , Capital One , Franklin Templeton , Post Money Valuation , T Rowe Price , Machine Learning Software , Revenue Growth ,

Databricks seeks new funding that could push its value to $43b

Databricks is in discussions with T Rowe Price, a global investment management company, about a new round of funding that could boost the valuation of the data lakehouse and AI platform developer to $43 billion, according to a published report. ....

Ali Ghodsi , Francisco Based Databricks , Bay Area , Rowe Price , Databricks Ventures ,

microsoft: Microsoft plans AI service with Databricks that could hurt OpenAI: report

Microsoft is planning to start selling a new version of Databricks software that helps customers make AI apps for their businesses, The Information reported on Thursday, citing people with direct knowledge of the plan. ....

Microsoft Copilot , Microsoft Ai , Microsoft Ai Service ,