Databricks raises $500 mn

San Francisco: Data analytics and AI software maker Databricks has raised over $500 million as part of its Series I funding, taking its valuation to $43 billion.

The series is led by T Rowe Price Associates and existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds, and Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, among others.

“Databricks and Nvidia are building transformative AI technology, and we’re excited about the business value and innovation we can bring to our customers,” said Ali Ghodsi, Co-Founder and CEO of Databricks.