Advancing technology originating at UC Berkeley, Databricks has increased its valuation more than fourfold to $28bn and will use the funding to further scale its business.
Databricks, a US-based data analytics software producer based on research at University of California (UC), Berkeley, raised $1bn in series G financing yesterday led by investment firm Franklin Templeton.
Amazon Web Services, CapitalG and Salesforce Ventures, respective units of internet and e-commerce group Amazon, technology conglomerate Alphabet and cloud computing firm Salesforce, took part in the round, as did software developer Microsoft.
Canada Pension Plan Investment Board, Fidelity Management and Research, Whale Rock, Andreessen Horowitz, Alkeon Capital Management,…
Thierry Heles
Thierry Heles is editor-at-large of Global University Venturing and Global Corporate Venturing, and host of the Beyond the Breakthrough podcast.
