- Data analytics and AI firm Databricks raised over $500 million in Series I funding, resulting in a $43 billion valuation.
- Diverse investors such as T. Rowe Price, Morgan Stanley, Fidelity, Franklin Templeton, Capital One Ventures, and NVIDIA participated in the round.
- Despite wider funding slowdowns, Databricks plans to leverage this capital to enhance its reach in the AI market before considering a later IPO.
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