The Briefing: Databricks Eyes $38B Valuation, Sport Alliance Lands $70M, And More

Here’s what you need to know today in startup and venture news, updated by the Crunchbase News staff throughout the day to keep you in the know.

Subscribe to the Crunchbase Daily

Databricks eyes new round at $38B valuation

Cloud data platform Databricks is reportedly closing on a new $1.5 billion funding round at a valuation of around $38 billion, according to a Bloomberg report citing unnamed sources.

Founded in 2013, San Francisco-based Databricks previously raised $1.9 billion in known funding, per Crunchbase data. Its offering combines data warehouses and data lakes technology to provide a unified platform for data and AI.

Sport Alliance lands $70M

Hamburg-based Sport Alliance, a provider of software for gyms and fitness providers, raised 60 million euros ($70 million) from private equity firm PSG. Alliance’s flagship product is a cloud-based management software platform for fitness studios, along with a member app it says is used by more than 1 million gym and studio customers.

Funding round

RepairSmith picks up $42M: RepairSmith, a Los Angeles-based startup that connects automobile owners with mechanics who can come to them to do repairs, reportedly raised $42 million in a fresh Series B funding round financed by new and existing backers.

— Joanna Glasner

Illustration: Dom Guzman


Stay up to date with recent funding rounds, acquisitions, and more with the Crunchbase Daily.

Copy link