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Fortune
Fortune
Jessica Mathews, Allie Garfinkle

Databricks is expanding the scope of its AI investments with second VC fund

(Credit: David Paul Morris/Bloomberg—Getty Images)

When Andrew Ferguson launched Databricks’ corporate venture arm three years ago, he wasn’t expecting to be writing checks quite this fast.

Databricks Ventures has backed 25 companies already. In 2023, the fund closed an investment every month, on average, Ferguson tells Term Sheet.

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