Databricks, a data analytics company employing artificial intelligence, is reportedly engaged in discussions with T. Rowe Price regarding a potential funding round. This investment could position the company’s value at an impressive $43 billion ($67 billion), as per sources cited by Bloomberg News.
The conversations being held are currently in their initial stages and hold the possibility of not reaching fruition, according to the report. These insights are based on information provided by two individuals familiar with the matter.
Potential Surpassing of Past Valuation
Should the funding round prove successful, the valuation of this San Francisco-based startup would significantly surpass the $38 billion mark it achieved two years ago, a result of funding led by Counterpoint Global, states the Bloomberg report.
Databricks offers a cloud-based software platform that empowers businesses to conduct data analysis effectively.While Databricks has chosen not to provide any official comments on the matter, T. Rowe Price has yet to respond to a comment request made by Reuters.
