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

Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST Tap here to return to FAST
FAST

Dec 16 : Databricks said on Tuesday it has raised more than $4 billion in a funding round, which valued the data analytics firm at $134 billion.

The 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.

Founded in 2013, the U.S.-based data and artificial intelligence company provides a cloud-based platform for data engineering, analytics and machine learning, helping organizations unify data, apply AI models and manage governance across large-scale enterprise workloads.

Databricks caters to more than 15,000 customers globally, including large corporations such as Shell, AT&T, Toyota, Adobe, S&P Global, Warner Bros Discovery and NBA, according to its website.

Newsletter

Week in Review

Subscribe to our Chief Editor’s Week in Review

Our chief editor shares analysis and picks of the week's biggest news every Saturday.

Sign up for our newsletters

Get our pick of top stories and thought-provoking articles in your inbox

Subscribe here

Get the CNA app

Stay updated with notifications for breaking news and our best stories

Download here

Get WhatsApp alerts

Join our channel for the top reads for the day on your preferred chat app

Join here