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Databricks Raises $500M in Series I Funding Round, Valuation Reaches $43B with Nvidia Partnership

Databricks, a cloud data company, has completed a Series I fundraising round, raising $500 million from primary investor accounts led by T.Rowe and new investors including Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan, and Nvidia. The latest investment round was achieved at a valuation of $43 billion dollars and a share price of $73.50. Databricks' financial partnership with Nvidia indicates an increased synergy between the two artificial intelligence (AI) corporations with generative AI for enterprise data being the primary driver for the fundraise. Databricks' most prominent product is its "Lakehouse" platform, which empowers enterprise clients to build out their own generative AI models.

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