Hedge Fund Backed Databricks Cuts Its Valuation

Five high-profile hedge fund firms or their VC arms have made multiple investments in the company.

Gabby Jones/Bloomberg

Gabby Jones/Bloomberg

Another highly valued private company with heavy hedge fund ownership has marked down its valuation.

Databricks has cut its internal share price by 7 percent to $55.77 from $59.95 a year ago, according to The Information, citing a person familiar with the matter.

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