Funding round
Databricks Series H+
Reported as "Series I"
Databricks, which works in cloud data platform development in San Francisco, raised $500M in a Series H+ round announced on 14 Sep 2023, led by T. Rowe Price Associates, Inc., at a $43.00B post-money valuation. 15 firms took part, 10 of them already investors. It is Databricks' ninth venture round on record; the one before was a Series H+ in Aug 2021.
$500M
Amount raised
$43.00B
Post-money valuation
$42.50B pre-money
15
Investors
1 lead
1.1x
Step-up from the Series H+
$38.00B in Aug 2021
1.2%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Databricks at $43.00B after the new money, 1.1 times the $38.00B of its Series H+ (Aug 2021). The $500M bought investors about 1.2% of the company. It came 25 months after Databricks' Series H+. It is 1.5% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 15 months later: a Series H+ round of $10.00B in Dec 2024, at $62.00B post-money.
Databricks' funding rounds
Databricks has 14 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Sep 2013, led by Andreessen Horowitz $14M
- Series B 30 Jun 2014, led by New Enterprise Associates $33M
- Series C 15 Dec 2016, led by New Enterprise Associates $60M
- Series D 22 Aug 2017, led by Andreessen Horowitz $140M
- Series E 5 Feb 2019, led by Andreessen Horowitz $250M$2.75B post-money
- Series F 22 Oct 2019, led by Andreessen Horowitz $400M$6.20B post-money
- Series G 1 Feb 2021, led by Franklin Templeton $1.00B$28.00B post-money
- Series H+ 31 Aug 2021, led by Morgan Stanley $1.60B$38.00B post-money
- Series H+ this round 14 Sep 2023, led by T. Rowe Price Associates, Inc. $500M$43.00B post-money
- Series H+ 17 Dec 2024 $10.00B$62.00B post-money
- Debt not a venture round 22 Jan 2025, led by JPMorgan Chase $5.25B$62.00B post-money
- Growth 30 Jun 2025, led by T. Rowe Price $10.00B$55.00B post-money
- Series H+ 8 Sep 2025, led by Andreessen Horowitz, Insight Partners and MGX $1.00B$100.00B post-money
- Series H+ 16 Dec 2025, led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management $4.00B$134.00B post-money
- Growth 13 Aug 2026, led by Coatue $5.00B$190.00B post-money
Investors
Who put money in
T. Rowe Price Associates, Inc. led the round with 14 other firms. T. Rowe Price Associates, Inc., Andreessen Horowitz, Baillie Gifford and ClearBridge Investments and 6 more had backed Databricks before.
Lead investor
- T. Rowe Price Associates, Inc. existing investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- Baillie Gifford existing investor
- ClearBridge Investments existing investor
- Morgan Stanley backs 120 venture-backed companies existing investor
- Fidelity Management & Research Company existing investor
- Franklin Templeton existing investor
- GIC backs 98 venture-backed companies existing investor
- backs 3 venture-backed companies existing investor
- Tiger Global backs 391 venture-backed companies existing investor
- Capital One Ventures new investor
- Ghisallo Capital Management new investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies new investor
- NVIDIA new investor
- Fidelity
Comparable rounds
How it compares
The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Tech Companies | 1 Jan 2024 | $100M | $1.00B | HSBC Innovation Bank and BlackRock |
| Tech Companies | 8 Mar 2024 | $4.0M | not disclosed | not named |
| Tech Companies | 10 Nov 2022 | $14M | $1.30B | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Databricks raise in its Series H+ round?
Databricks raised $500M in its Series H+ round, announced in Sep 2023.
Who led Databricks' Series H+ round?
T. Rowe Price Associates, Inc. led it, with Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, Morgan Stanley and Fidelity Management & Research Company and 9 more.
What was Databricks' valuation at the Series H+ round?
$43.00B post-money ($42.50B pre-money).
Did Databricks raise again after this round?
Yes: a Series H+ round in Dec 2024 of $10.00B at $62.00B post-money.