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UAE's MGX co-leads Databricks strategic funding round

UAE-based technology investment company MGX has jointly leading a $5 billion funding round for artificial intelligence firm Databricks. Coatue, Blackstone, T Rowe Price and new investor Sixth Street Growth co-led the funding round for the company, which recently closed with a valuation of $190 billion. “The investment will drive further innovation across Databricks’ AI platform, enabling more…

UAE's MGX co-leads Databricks strategic funding round

We haven't written up this one. The National UAE has the full story — the link below goes straight to it.

Also reported by 1 other outlet

Read the original at thenationalnews.com →

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