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, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates and Tiger Global Management also participated.
Remaining investors in the round included Singapore’s sovereign wealth fund GIC as well as Discovery Capital, Dragoneer Investment Group, Founders Circle Capital, Geodesic, Green Bay Ventures, Greenoaks Capital, New Enterprise Associates and Octahedron Capital.
The round valued Databricks at $28bn, up from $6.2bn previously.
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Thierry Heles
Thierry Heles is the editor of Global University Venturing, host of the Beyond the Breakthrough interview podcast and responsible for the monthly GUV Gazette (sign up here for free).
