UPDATE 1-Data analytics firm Databricks valued at $134 billion in latest funding round

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Dec 16 (Reuters) - Databricks said on Tuesday it has raised more than $4 billion in a funding round, which valued the data analytics firm at $134 billion.

The round was led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management. Investors, including Andreessen Horowitz, BlackRock and Blackstone, also participated.

Founded in 2013, the U.S.-based data and artificial intelligence company provides a cloud-based platform for data engineering, analytics and machine learning, helping organizations unify data, apply AI models and manage governance across large-scale enterprise workloads.

Databricks caters to more than 15,000 customers globally, including large corporations such as Shell SHEL.L, AT&T, Toyota, Adobe ADBE.O, S&P Global, Warner Bros Discovery WBD.O and NBA, according to its website.

(Reporting by Prakhar Srivastava in Bengaluru; Editing by Shilpi Majumdar)

((Prakhar.srivastava2@thomsonreuters.com;))

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