Databricks, a prominent player in the data and AI industry, has recently secured a staggering $900 million in funding. This substantial investment has catapulted the company’s valuation to an impressive $38 billion, underscoring its robust growth and untapped potential in the market.

The funding round was led by Counterpoint Global, a Morgan Stanley investment management firm, and included participation from other investors such as Andreessen Horowitz, New Enterprise Associates, and Coatue Management. The funding will fuel Databricks’ continued growth and innovation in the data and AI space.

Some key takeaways from this information:

• Databricks is a significant player in the data and AI industry.
• The company’s recent funding round is a testament to its strong growth and potential.
• The funding will fuel Databricks’ continued expansion and development of new products and services.