Nvidia and Capital One back Databricks at $43 billion valuation in latest funding round
Publishing timestamp: 2023-09-14 09:42:49
Summary
Cloud data analytics startup Databricks, backed by Nvidia and Capital One, has raised over $500 million in fresh capital at a $43 billion valuation. Despite the pullback in tech stocks, Databricks has managed to maintain its valuation and attract investors. The company is capitalizing on the surge of momentum in artificial intelligence and recently acquired MosaicML. Databricks is still considering an IPO in the future.
Sentiment: POSITIVE
Tickers: COF, NVDA, SNOW, TROW,
Keywords: capital one financial corp, nvidia corp, breaking news: technology, business news, snowflake inc., business, technology, t rowe price group inc, enterprise,