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Databricks closes Series I funding round

By TechTaffy Desk

Data lakehouse architecture company Databricks has raised an undisclosed amount in Series I funding.  Existing investors Amazon Web Services (AWS), CapitalG, and Microsoft participated in the investments, along with new investors AT&T Ventures, Qatar Investment Authority (QIA), and Sanabil Investments.

The Series I funding round also included participation from other investors such as Andreessen Horowitz, Baillie Gifford, Capital One Ventures, ClearBridge Investments, Counterpoint Global (Morgan Stanley), Fidelity, and Franklin Templeton, among others.

The funding pegs Databricks’ post-money valuation to $43 billion.

The Series I funding is earmarked for the acceleration of AI technology development, particularly in Generative AI (Gen AI) research, and for expanding the company’s AI data science and engineering teams, says Databricks.

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