Thrive Capital in Talks to Invest About $1 Billion in Databricks

Bloomberg11-14 09:19

(Bloomberg) -- Thrive Capital is in talks to acquire a roughly $1 billion stake in analytics software maker Databricks Inc. in deal that would value the startup at about $55 billion, according to ...

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The VC firm founded by Joshua Kushner led OpenAI’s tender offer, which closed earlier this year, and is a significant investor in payments platform Stripe Inc.","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU1923623000.USD":"Natixis Thematics AI & Robotics Fund R/A USD","BK4503":"景林资产持仓","BK4551":"寇图资本持仓","BK4505":"高瓴资本持仓","BK4581":"高盛持仓","LU0889565833.HKD":"FRANKLIN TECHNOLOGY \"A\" (HKD) ACC","BK4548":"巴美列捷福持仓","THAC":"Thrive Acquisition Corp","LU1803068979.SGD":"FTIF - Franklin Technology A (acc) SGD-H1","LU0109392836.USD":"富兰克林科技股A","BK4554":"元宇宙及AR概念","BK4532":"文艺复兴科技持仓","BK4585":"ETF&股票定投概念","SNOW":"Snowflake","BK4535":"淡马锡持仓","LU1951198990.SGD":"Natixis Thematics AI & Robotics Fund H-R/A SGD-H","LU1951200564.SGD":"Natixis Thematics AI & Robotics Fund R/A SGD","BK4559":"巴菲特持仓","BK4116":"互联网服务与基础架构","BK4588":"碎股"},"translate_title":"Thrive Capital正在洽谈向Databricks投资约10亿美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"THAC":1,"SNOW":0.9},"content_text":"(Bloomberg) -- Thrive Capital is in talks to acquire a roughly $1 billion stake in analytics software maker Databricks Inc. in deal that would value the startup at about $55 billion, according to people familiar with the matter.\nThrive is expected to lead a share sale, also known as a tender offer, for the company, said the people who asked not to be identified discussing private information. A tender offer is a type of deal that allows some early investors and employees to sell stakes to new investors.\nRepresentatives for Thrive and Databricks declined to comment. The Information earlier reported some of the details of the tender offer.\nThe deal is Thrive’s latest major stake in a large Silicon Valley startup. The VC firm founded by Joshua Kushner led OpenAI’s tender offer, which closed earlier this year, and is a significant investor in payments platform Stripe Inc. \nA $55 billion valuation for Databricks is a step up from last year’s value of $43 billion, when the company raised $500 million. The Snowflake Inc. competitor, which makes software and uses artificial intelligence to help companies organize and analyze large amounts of information, has been able to raise big sums from the private markets, giving it the option to hold off on an initial public offering.\nIn total, Databricks has raised more than $4 billion, according to data provider PitchBook. Existing investors include Andreessen Horowitz, Battery Ventures and New Enterprise Associates. \nSnowflake, which went public in 2020, was initially met with significant investor enthusiasm and saw its shares soar. However, the company is now trading at a little more than a third of its market peak three years ago, with a market capitalization of about $44 billion. The two companies have a contentious rivalry.\n©2024 Bloomberg L.P.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2483589861"}