Data and AI firm Databricks valued at $134 billion in latest funding round

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Databricks has raised more than $4 billion at a valuation of $134 billion, it said on Tuesday, the latest example of investors betting big on the transformative power of artificial intelligence.

The series L funding round was led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management. Investors, including Andreessen Horowitz, BlackRock and Blackstone, also participated.

Investors have been pouring capital into anything remotely connected with generative AI, as they expect the rapid adoption of the technology to…



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Data and AI firm Databricks valued at $134 billion in latest funding round



Databricks has raised more than $4 billion at a valuation of $134 billion, it said on Tuesday, the latest example of investors betting big on the transformative power of artificial intelligence.

The series L funding round was led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management. Investors, including Andreessen Horowitz, BlackRock and Blackstone, also participated.

Investors have been pouring capital into anything remotely connected with generative AI, as they expect the rapid adoption of the technology to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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