Tech
Data and AI firm Databricks valued at $134 billion in latest funding round
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Databricks has raised more than $4 billion at a valuation of $134 billion, it said on Tuesday, the latest example of investors betting big on the transformative power of artificial intelligence.
The series L funding round was led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management. Investors, including Andreessen Horowitz, BlackRock and Blackstone, also participated.
Investors have been pouring capital into anything remotely connected with generative AI, as they expect the rapid adoption of the technology to…
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