Databricks hits $28B valuation with new round

Databricks has raised $1 billion in new financing at a $28 billion valuation. Franklin Templeton led the round, which also attracted strategic funding from Amazon Web Services, Alphabet's CapitalG, Salesforce Ventures and Microsoft, among others. San Francisco-based Databricks, which provides a data analytics platform, was last valued at $6.2 billion in 2019, according to PitchBook data.

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