Databricks, one of the most richly valued venture-backed companies, has raised $500 million in its latest financing round
Nvidia and Capital One have backed cloud data analytics startup Databricks, which is widely viewed as a top contender for an IPO.The company has managed to avoid reducing its valuation despite a major pullback in tech stocks since its last funding round in 2021.
As some high-valued tech startups look to the long-dormant IPO market for their next funding round, Databricks is still finding investors that are happy to keep the company private, at least for now. Databricks, which sells data analytics software, said Thursday that it raised more than $500 million in fresh capital at a $43 billion valuation.
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