Nvidia AI accomplice Databricks raises $500M to realize $43B valuation

Cloud information firm Databricks not too long ago introduced the completion of a Sequence I fundraising spherical the place it raked in $500 million from major investor accounts led by T. Rowe and new buyers Capital One Ventures, Ghisallo Capital Administration, Ontario Lecturers’ Pension Plan and Nvidia (NASDAQ:).

The newest funding spherical was achieved at a valuation of $43 billion {dollars} and a share worth of $73.50, based on Databricks. In 2021, the corporate raised $1.6 billion in Sequence H funding at a valuation of $38 billion.

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