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Databricks Banks $1B Series G Investment

2021-02-02
SAN FRANCISCO, CA, Databricks announced a $1 Billion Series G funding, led by Franklin Templeton.
Databricks has announced a $1 Billion investment. The Series G funding, led by new investor, Franklin Templeton, puts Databricks at a $28 billion post-money valuation.

Franklin Templeton is joined by other new investors including Canada Pension Plan Investment Board, Fidelity Management & Research LLC, and Whale Rock, along with new strategic investors Amazon Web Services (AWS), CapitalG and Salesforce Ventures. Existing investors participating in the round include Microsoft, Andreessen Horowitz, Alkeon Capital, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates, Inc. and Tiger Global Management.

Databricks' vision is to empower anyone to easily build and deploy advanced analytics solutions. The company was founded by the team who created Apache Spark, a powerful open source data processing engine built for sophisticated analytics, ease of use, and speed. Databricks is the largest contributor to the open source Apache Spark project. The company has also trained over 20,000 users on Apache Spark, and has the largest number of customers deploying Spark to date. Databricks provides a just-in-time data platform, to simplify data integration, real-time experimentation, and robust deployment of production applications.
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