Kleiner Perkins, Founders Fund, SoftBank to Invest in Databricks’ $7 Billion Fundraising

Silicon Valley investors often pride themselves on writing one of the first few checks in a startup, then doubling down if a winner takes off. But Databricks, an 11-year-old seller of databases and analytics software that’s raising billions of dollars, has prompted some elite investment firms to place a few very late bets as well.

Kleiner Perkins, Founders Fund and Lightspeed Venture Partners, all well known for making early investments in companies that became tech giants, are planning to participate in the latest Databricks financing that will value it at $61 billion, according to three people with direct knowledge.