Databricks is in talks to raise funds at a valuation of $43 billion

Bloomberg News reported on Friday that Databricks, an artificial intelligence-powered data analytics platform, is in talks with T. Rowe Price about a new funding round that would value the company at $43 billion.

According to the report, citing two individuals with knowledge of the situation, these private discussions are at an early stage and could fail.

According to Bloomberg, if the round is successful, the valuation of the San Francisco-based startup would be significantly higher than the $38 billion it attained two years ago in funding led by Counterpoint Global.

Databricks provides a cloud-based data analysis platform for use by businesses.

Databricks declined to comment, and T. Rowe Price did not respond promptly to a request for comment from Reuters.