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Databricks Lands $500+ Series I Financing Round

SAN FRANCISCO, CA, Databricks, the Data and AI company, today announced its Series I funding, raising over $500 million.
This funding values the company at $43 billion and establishes the price per share at $73.50. The series is led by funds and accounts advised by T. Rowe Price Associates, Inc., which is joined by other existing investors, including Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds and accounts managed by Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital and Tiger Global along with new investors Capital One Ventures, Ontario Teachers' Pension Plan and NVIDIA.

Databricks is the Data and AI company. More than 10,000 organizations worldwide - including Comcast, Condé Nast, and over 50% of the Fortune 500 - rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Founded by the original creators of Delta Lake, Apache Spark™, and MLflow, Databricks is on a mission to help data teams solve the world's toughest problems.
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