Databricks in Talks with T. Rowe Price for $43B Valuation, Eyes Expansion
Portfolio Pulse from Anusuya Lahiri
Databricks Inc is in discussions with T. Rowe Price Group, Inc (NASDAQ:TROW) for a new funding round that could value the software maker at $43 billion. This comes after a valuation of $38 billion two years ago. Databricks, which provides tools for data, analytics, and AI, plans to launch a large language model, Dolly, and acquire a generative AI platform, MosaicML. Microsoft Corp (NASDAQ:MSFT) plans to sell a new version of Databricks software through its Azure cloud-server unit.
August 28, 2023 | 11:54 am
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Microsoft plans to sell a new version of Databricks software through its Azure cloud-server unit. This could potentially increase the revenue of Microsoft's Azure unit.
Microsoft's plan to sell a new version of Databricks software could potentially increase the revenue of its Azure unit if the software is well-received by customers.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
POSITIVE IMPACT
T. Rowe Price Group, Inc is in discussions with Databricks for a new funding round. This could potentially increase the value of TROW's investment in Databricks.
T. Rowe Price's potential investment in Databricks could increase the value of its portfolio if the funding round is successful and Databricks continues to grow.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70