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Databricks raises $500 million with backing from rival Snowflake’s top client

Databricks raises $500 million with backing from rival Snowflake’s top client

By Sharon Goldman, Venture Beat

Databricks announced a fresh funding haul of over $500 million today, which values the company at a whopping $43 billion. The round is led by T. Rowe Price Associates, but two new investors are notable in this round: Nvidia and Capital One Ventures (Capitol One is the top client of Databricks’ main rival, Snowflake).

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