Franklin Templeton led the $1bn Series G investment round in Databricks.

Franklin Templeton, an American multinational holding company, led the $1bn Series G investment round in Databricks, a data and AI company, with participation from Canada Pension Plan Investment Board, Fidelity Management & Research, and Whale Rock, along with new strategic investors Amazon Web Services, CapitalG and Salesforce Ventures. Existing investors participating in the round include Microsoft, Andreessen Horowitz, Alkeon Capital Management, funds and accounts managed by BlackRock, Coatue Management, funds and accounts advised by T. Rowe Price Associates, and Tiger Global Management. Other existing and new Investors that participated in this funding round include Discovery Capital, Dragoneer Investment Group, Founders Circle Capital, Geodesic, GIC, Green Bay Ventures, Greenoaks Capital, New Enterprise Associates and Octahedron Capital. “We see this investment and our continued rapid growth as further validation of our vision for a simple, open and unified data platform that can support all data-driven use cases, from BI to AI. Built on a modern lakehouse architecture in the cloud, Databricks helps organizations eliminate the cost and complexity that is inherent in legacy data architectures so that data teams can collaborate and innovate faster. This lakehouse paradigm is what’s fueling our growth, and it’s great to see how excited our investors are to be a part of it,” Ali Ghodsi, Databricks CEO and Co-Founder.