Data and AI company Databricks has announced its Series I funding round, raising over $500 million and bringing the company’s valuation to $43 billion. The Series I funding has set the price per share at $73.5 and is spearheaded by T. Rowe Price Associates, Inc. Alongside T. Rowe Price, existing investors such as Andreessen Horowitz, […]
Databricks, a frontrunner in data and artificial intelligence (AI), announced a definitive agreement to purchase MosaicML, a generative AI platform, for approximately $1.3 billion, inclusive of retention packages. The acquisition, aims to democratize generative AI, allowing organizations to construct, possess, and secure generative AI models using their unique data sets. MosaicML is reputed for its […]
