Coatue announces partnership with Databricks
It details Databricks' evolution into AI infrastructure with three chapters: Lakehouse, Lakebase, and Genie
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Technology-focused lifecycle investment platform
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In short: Coatue led major funding rounds for AI firms Anthropic and Databricks while rotating its portfolio toward AI chip infrastructure.
It details Databricks' evolution into AI infrastructure with three chapters: Lakehouse, Lakebase, and Genie
The company's user base more than doubled, and agent-deployed databases surged 600% year-over-year.
Coatue is co-leading a new funding round, noting Anthropic's rapid revenue growth to $47B RRR and expansion beyond coding.
It became the 7th largest tender offer fund in the US, with 45 portfolio positions.
Backers include Lux Capital, Addition, Sequoia Capital, Coatue, Menlo Ventures, Salesforce Ventures, Betaworks, and Nvidia.
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Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion.
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