Briefing

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.

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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

 

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