Databricks, a major player in enterprise software, just wrapped up a whopping $500 million funding round, aiming big at generative artificial intelligence (AI).
After the Series I funding round, Databricks is now valued at an impressive $43 billion, with shares priced at $73.50 each. T. Rowe Price Associates took the lead in this round, with Morgan Stanley’s Counterpoint Global being a significant contributor. Other participants that joined the party include names like Capital One Ventures, NVIDIA, Ontario Teachers’ Pension Plan, and Ghisallo Capital Management.
Databricks' CEO, Ali Ghodsi, proudly remarked on how this funding is a testament to the company's growth and success in AI. In addition, the company's teamed up with Nvidia, a leading AI chip producer, to supercharge AI innovation.
Quoting Ghodsi, "Together, Databricks
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First found on: Databricks Secures $500M: Setting the Gold Standard in Generative AI
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