SBVA Joins Databricks Strategic Funding Round, Expanding Global AI Portfolio
TECHWORLD ·
✦ AI Summary
SBVA took part in Databricks' USD 5 billion strategic funding round.
The round was led by Coatue, with SBVA, Blackstone, MGX, and Sixth Street Growth participating, and Databricks valued at USD 190 billion.
SBVA is basing its investment on Databricks' structure that links data and AI on a single platform and the growing importance of AI and data infrastructure, and plans to expand its search for overseas companies centered on AI and data infrastructure.
SBVA is expanding its AI-focused global investment portfolio by joining a large strategic funding round for Databricks, a data and AI company. SBVA announced on the 2nd that it had taken part in Databricks' USD 5 billion strategic funding round.
The funding round was led by Coatue. In addition to SBVA, Blackstone, MGX, and Sixth Street Growth participated in the round, and Databricks was valued at USD 190 billion in this investment.
Founded in 2013, Databricks provides a platform for integrated data management, analytics, and AI development and operational use. Databricks is a platform provider that helps companies manage and analyze data, develop AI, and put it to work in operations.
Databricks said that more than 20,000 companies and institutions worldwide are currently using its services. Databricks' user base spans more than 20,000 companies and institutions around the world.
Databricks said revenue in the second quarter of fiscal 2026 increased by more than 80% from a year earlier, and annualized revenue exceeded USD 7 billion. SBVA noted that Databricks has a structure that connects data and AI on a single platform.
SBVA believes that as enterprise AI adoption expands, the importance of data integration management and infrastructure that connects various AI models is growing. Based on this view, SBVA cited Databricks' structure linking data and AI on a single platform as the reason for its investment.
On this basis, SBVA is continuing to invest in global AI companies. Among SBVA's investment targets in the first half of this year are AMI Labs, founded by Yann LeCun, and Sierra Technologies, with AMI Labs being a frontier AI research company and Sierra Technologies an enterprise AI agent platform company.
Recently, SBVA strengthened its global investment organization by bringing in venture partners with overseas investment experience and local networks. Going forward, SBVA plans to expand its search for promising overseas companies centered on AI and data infrastructure.
Lee Jun-pyo, CEO of SBVA, said that as the AI industry advances rapidly, the importance of data infrastructure that supports real-world business applications is increasing, and expressed his intention to support Databricks' growth as a technology company leading enterprise AI adoption in the Korean and Asian markets.
Ali Ghodsi, Databricks cofounder and CEO, said SBVA's investment shows global investor confidence in Databricks. He added that the investment will serve as an opportunity to expand Databricks' platform offerings to Korean and Asian companies.
Source: TECHWORLD · Kim Seung-gi
Original: https://www.epnc.co.kr/news/articleView.html?idxno=407739
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Source: TECHWORLD
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