Data analytics company Databricks is in talks with T. Rowe Price over a new fundraising round that would see the company valued at $43 billion, Bloomberg News revealed. According to the report, talks are in their preliminary round and nothing has yet been confirmed as explained by two sources familiar with the matter.
Powered by artificial intelligence, Databricks provides a cloud-based software platform that can be used by enterprises to analyze data. Neither Databricks nor T. Rowe Price would comment on the matter.
Should the fundraising round be given the green light, Databricks’ company valuation would be significantly higher than the $38 billion it realized during its previous fundraising round led by Counterpoint Global two years ago.