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Databricks nabs $1 billion in new funding

Databricks has raised $1 billion in Series G funding at a $28 billion valuation, the company announced today. The news comes ahead of a likely IPO for the database startup in 2021.

Franklin Templeton led the round, with participation from a slew of prominent investors including AWS, Salesforce Ventures, Microsoft, Andreessen Horowitz and others.

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