OAKLAND, Calif. (Reuters) – Databricks, a data analytics platform that uses artificial intelligence, said on Tuesday it raised $1.6 billion to expand its engineering team to keep its lead in the market, a funding round that valued it at $38 billion. The latest round was led by Morgan Stanley Investment Management’s investment arm Counterpoint Global. In February the company raised $1 billion in a funding round led by Franklin Templeton. San Francisco-based Databricks partners with the cloud services of Amazon.com Inc, Alphabet Inc, Microsoft Corp, and China’s Alibaba Group Holding Ltd, said Ghodsi. It offers a software platform in the cloud that companies can use to analyze data.

Source: MetroXpress August 31, 2021 13:52 UTC