SAN FRANCISCO – August 31, 2021 – Databricks, the Data and AI company, today announced a $1.6 Billion round of funding to accelerate innov

Databricks Raises $1.6 Billion Series H Investment at $38 Billion Valuation

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2021-08-31 14:30:05

SAN FRANCISCO – August 31, 2021 – Databricks, the Data and AI company, today announced a $1.6 Billion round of funding to accelerate innovation and adoption of the data lakehouse, as the data architecture’s popularity across data-driven organizations continues to grow at a rapid pace. The Series H funding, led by Counterpoint Global (Morgan Stanley), puts Databricks at a $38 billion post-money valuation. Counterpoint Global is joined by other new investors including Baillie Gifford, ClearBridge Investments and UC Investments (Office of the Chief Investment Officer of the Regents of the University of California). Existing investors participating in the round include Andreessen Horowitz, funds and accounts managed by BlackRock, Canada Pension Plan Investment Board (CPP Investments), Coatue Management, Fidelity Management & Research, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, funds and accounts managed by T. Rowe Price Associates, Inc., Tiger Global Management and Whale Rock Capital Management.

As further commitment to accelerate lakehouse adoption globally, Databricks also announced the appointment of former Salesforce executive, Andy Kofoid, as President of Global Field Operations.

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