Databricks Ventures said it would “aggressively seek out the most innovative companies and technologies”.
Databricks, a US-based data analytics software developer that counts a host of corporate backers as investors having raised $2.6bn this year at a $38bn valuation, has set up its corporate venturing unit.
Databricks Ventures’ first strategic investment vehicle, Lakehouse Fund, will focus on early- and growth-stage data and AI-powered companies raising rounds led by institutional venture capital firms and extending the company’s Lakehouse analytics ecosystem.
Without a cap on the fund, Databricks Ventures under
