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Databricks takes stake in Indicium, marking first investment in Latin American startup
Yahoo Finance· 2025-09-16 09:05
Core Insights - Databricks has acquired a minority stake in Indicium, marking its first investment in a Latin American startup [1] - The investment was made through Databricks Ventures, although financial terms were not disclosed [1] - Databricks is valued at $100 billion, making it one of the most valuable private companies globally [2] Company Developments - The deal with Indicium follows Databricks' expansion in Sao Paulo and the opening of a new office in Mexico [2] - Indicium, founded in 2017 in Brazil, has moved its headquarters to New York and aims to increase its U.S. revenue contribution from 30% to 60% by 2026 [3] - Indicium raised $40 million in an early funding round in 2024 and has been a partner with Databricks since 2017 [4] Strategic Alignment - Databricks views Indicium as a high-impact partner with capabilities that align with its vision for the future of data and AI [4] - Indicium co-founder emphasized the need for guided support to achieve analytical and AI maturity, indicating that technology alone is insufficient [3]