Fenwick Represents Databricks in its over $500 Million Series I Financing

Fenwick represented Databricks, a data and AI company, in its $500 million Series I financing. The round was led by funds and accounts advised by T. Rowe Price Associates, Inc. and puts Databricks at a $43 billion valuation.

The financing also included existing Databricks investors Andreessen Horowitz, Baillie Gifford, ClearBridge Investments, funds and accounts managed by Counterpoint Global, Fidelity Management & Research Company, Franklin Templeton, GIC, Octahedron Capital and Tiger Global; along with new investors Capital One Ventures, Ontario Teachers’ Pension Plan and NVIDIA.

More information can be obtained from Databricks’ announcement.

The Fenwick transaction team included corporate partners Michael Brown and David Bell and associates Ari Haber, Angela Park, Leeza Soulina and Stephanie Maynes Aldous.