- The funding round has put Databricks at a $43 billion post-money valuation
- The investment aligns with QIA's ambition to support companies at the forefront of technological innovation
- QIA joins long-term investors Amazon Web Services (AWS), CapitalG, and Microsoft
San Francisco, CA — November 10, 2023 – Qatar Investment Authority (QIA) has invested in Databricks, a data and artificial intelligence (AI) company whose platform unifies data, analytics, and AI to help customers manage their enterprise data and build their own generation AI solutions.
QIA joined the funding round as a new investor alongside AT&T and Sanabil Investments as well as existing investors Amazon Web Services (AWS), CapitalG, and Microsoft. The funding round has put Databricks at a $43 billion post-money valuation.
This financing will be used to accelerate the development of AI technology and generative AI research and allow Databricks to recruit leading AI data scientists and engineering talent.
This latest investment aligns with QIA's ambition to support companies that are at the forefront of technological innovation and development and that are helping to shape the future global economy.
Mohammed Al-Hardan, Head of Technology, Media and Telecoms (TMT) investments at QIA commented, “AI represents a profound technology shift, and our investment in Databricks reflects our belief in its platform, which is expertly able to unify data, analytics and AI. This investment is aligned with QIA's investment approach to invest in forward-looking, tech-led companies, many of which are building AI seamlessly into their product and offering. We are pleased to be an investor in Databricks and look forward to a fruitful, long-term partnership as the company scales."
Ali Ghodsi, Co-Founder and CEO of Databricks, said, “The interest we received from investors and strategic partners for this round of funding has been overwhelming, and we are excited to add AT&T and QIA, among others, who believe in our vision and business strategy."
Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Comcast, Condé Nast, and over 50% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI. Founded by the original creators of Delta Lake, Apache Spark™, and MLflow, Databricks is on a mission to help data teams solve the world's toughest problems.