In addition to seeking funding, Databricks has been investing in startups and making strategic acquisitions to become a key player in the artificial intelligence industry. It has recently acquired AI data governance startup Okera Inc. and AI storage infrastructure provider Rubicon Inc. The company also announced its own open-source generative AI model, Dolly, and other innovations at the recent Databricks Data+AI Summit.
Key takeaways:
- Databricks Inc. is reportedly in talks with T. Rowe Price Group Inc. for a new funding round that could raise its value to over $43 billion.
- Databricks, a big data software company, has already raised more than $3.5 billion in funding, with its value reaching $38 billion after a $1.6 billion Series H round in August 2021.
- The company has made several strategic acquisitions and investments, including AI data governance startup Okera Inc., AI storage infrastructure provider Rubicon Inc., and data security firm Immuta Inc., among others.
- Databricks is also developing its own AI technologies, including an open-source generative AI model called Dolly, and has announced new capabilities such as Lakehouse IQ and a platform for generative AI application development.