Fenwick Represents Databricks in $4B+ Series L Funding at $134B Valuation

Fenwick represented Databricks, the data and AI company, in its >$4B billion Series L funding, at a valuation of $134 billion. The round was led by Insight Partners, Fidelity Management & Research Company, and J.P. Morgan Asset Management with participation from Andreessen Horowitz.

Databricks will use the funds to help customers build AI apps and agents on their proprietary data, advance product development across three strategic products, provide liquidity for employees, and support future AI acquisitions and deepen AI research. Additional information can be obtained here.

The Fenwick transaction team was led by corporate partners Michael Brown, David Bell, and Ari Haber and included associates Joon Hwan Kim, Serena Ward, Siobhan McGurk, and Jazmin Perez.