By Databricks seeks $43b valuation in new funding round
Databricks, a data analytics platform using artificial intelligence, is in discussions with T. Rowe Price about a new funding round that would value the company at $43 billion, Bloomberg News reported on Friday.
These private discussions are at a preliminary stage and could fall apart, the report said, citing two people familiar with the matter.
If the round is successful, the San Francisco-based startup’s valuation would be considerably higher than the $38 billion it reached two years ago in funding led by Counterpoint Global, according to Bloomberg.
Databricks offers a software platform in the cloud that companies can use to analyze data.
Databricks declined to comment, while T. Rowe Price did not immediately respond to a Reuters request for comment.
Reuters
