Databricks raises $500M more, boosting valuation to $43B despite late-stage gloom
https://techcrunch.com/2023/09/14/databricks-raises-500m-more-boosting-valuation-to-43b-despite-late-stage-gloom/
Data analytics and AI software maker Databricks has raised a Series I round worth more than $500 million, earning a valuation of $43 billion.
This round sticks out, particularly as many late-stage startups are seeing their valuations being slashed amid a wider funding slowdown. Databricks last raised $1.6 billion in August of 2021 at a post-money valuation of $38 billion, and seeing the company add $5 billion to its price tag is proof that wider trends do not affect everyone equally, if they do at all.