GIC invests in $62bn AI firm Databricks amid Apac and Middle East expansion
The Series J funding round by the San Francisco tech firm is being led by US venture capital firm Thrive Capital.
FrankLin
The Series J funding round by the San Francisco tech firm is being led by US venture capital firm Thrive Capital.
December 18, 2024
Databricks, a San Francisco-headquartered data and artificial intelligence AI company, has completed a substantial portion of a $10 billion Series J funding round.
The company is raising $10 billion of expected non-dilutive financing and has completed $8.6 billion to date.
The funding values Databricks at $62 billion and is led by US venture capital firm Thrive Capital. Along with Thrive, the round is co-led by Andreessen Horowitz, DST Global, Singapore’s sovereign wealth fund GIC, Insight Partners and WCM Investment Management. Other participants in the round include existing investor Ontario Teachers’ Pension Plan and new investors ICONIQ Growth, MGX, Sands Capital and Wellington Management. The exact...
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