Dec 16 (Reuters) – Databricks said on Tuesday it has raised more than $4 billion in a funding round, which valued the data analytics firm at $134 billion.
The 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.
Founded in 2013, the U.S.-based data and artificial intelligence company provides a cloud-based platform for data engineering, analytics and machine learning, helping organizations unify data, apply AI models and manage governance across large-scale enterprise workloads.
Databricks caters to more than 15,000 customers globally, including large corporations such as Shell, AT&T, Toyota, Adobe, S&P Global, Warner Bros Discovery and NBA, according to its website.
(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shilpi Majumdar)
