Databricks 409A


                 Databricks 409A

Databricks, a leading data and AI company, recently made headlines due to a slight adjustment in its internal 409A valuation. This valuation, used for employee stock options, was trimmed by approximately 7%.

Key Points:

  • Series I Funding: Despite the slight valuation adjustment, Databricks successfully raised over $500 million in Series I funding, valuing the company at $43 billion. This funding round was led by T. Rowe Price and included participation from new and existing investors.
  • Market Conditions: The minor valuation trim is considered a reflection of the current market conditions, where many tech companies have experienced significant valuation declines. In comparison, Databricks’ adjustment is relatively small.
  • Strength and Resilience: Some analysts interpret the valuation adjustment and planned staff cuts as signs of Databricks’ strength and resilience in a challenging market. The company’s ability to secure substantial funding and maintain a high valuation amidst market volatility is seen as positive.

Additional Information:

  • Databricks develops the Databricks Lakehouse platform, which unifies data, analytics, and AI on a single platform.
  • The company has partnered with NVIDIA to accelerate data processing and generative AI models.

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You can find more information about Databricks Training in this Dtabricks Docs Link



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