Databricks takes stake in Indicium, marking first investment in Latin American startup

SAO PAULO, Sept 16 (Reuters) – Databricks has acquired a minority stake in data and artificial intelligence consultancy Indicium, the companies said on Tuesday, marking the San Francisco-based firm’s first investment in a startup founded in Latin America.
The investment was made through Databricks Ventures, the company’s venture arm. Financial terms were not disclosed.
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Databricks, which offers a platform designed to help users ingest, analyze and build AI applications, was valued at $100 billion in a funding round earlier this year, making it one of the most valuable private companies in the world.
The deal with Indicium is the latest move by Databricks, a closely watched candidate to go public. It follows Databricks’ recent expansion of its Sao Paulo office and the launch of an office in Mexico.