Databricks, a data analytics platform using artificial intelligence, is in discussions with T. Rowe Price about a new funding round that would value the company at US$43 billion (S$58 billion), Bloomberg News reported.
These private discussions are at a preliminary stage and could fall apart, the report said, citing two people familiar with the matter.
If the round is successful, the San Francisco-based startup’s valuation would be considerably higher than the US$38 billion it reached two years ago in funding led by Counterpoint Global, according to the Bloomberg report.
Databricks offers a software platform in the cloud that companies can use to analyse data.
Databricks declined to comment, while T. Rowe Price did not immediately respond to a Reuters request for comment.