NVIDIA, Andreessen Horowitz backs Databricks in €469M round; valuation reaches €40B

San Francisco-based Databricks, a Data and AI company, announced on Thursday that it has raised over $500M (approximately €469M) in a Series I round of funding at a $43B (approximately €40B) valuation. The company has also established the price per share at $73.50. The funding round was led by T. Rowe Price Associates, Inc., along with other existing investors Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, Counterpoint Global (Morgan Stanley), Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital, and Tiger Global. Additionally, new investors Capital One Ventures, Ghisallo Capital Management, Ontario Teachers’ Pension Plan, and NVIDIA also participated in the funding round.