Cloud data company Databricks raised $500 million in a Series I round led by T.Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.
Cloud data company Databricks recently announced the completion of a Series I fundraising round where it raked in $500M from primary investor accounts led by T.Rowe and new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan and Nvidia.
Databrick’s financial partnership with Nvidia indicates an increased synergy between the two artificial intelligence corporations with generative AI for enterprise data being the primary driver for the fundraise.enterprise data “a goldmine for generative AI,” adding “Databricks is doing incredible work with Nvidia technology to accelerate data processing and generative AI models.”
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