Thrive Capital in Talks to Invest About $1 Billion in Databricks

Thrive Capital is in talks to acquire a roughly $1 billion stake in analytics software maker Databricks Inc. in deal that would value the startup at about $55 billion, according to people familiar with the matter.

Thrive is expected to lead a share sale, also known as a tender offer, for the company, said the people who asked not to be identified discussing private information. A tender offer is a type of deal that allows some early investors and employees to sell stakes to new investors.

Representatives for Thrive and Databricks declined to comment. The Information earlier reported some of ...