Asianfin -- Thrive Capital is in advanced discussions to invest approximately $1 billion in Databricks Inc., a prominent analytics software company, in a deal that would value Databricks at around $55 billion, according to sources familiar with the matter. Thrive is reportedly set to lead a share sale, or tender offer, allowing early investors and employees to sell stakes to new investors, said the sources, who requested anonymity as the information is private. Both Thrive and Databricks representatives declined to comment on the deal, which was initially reported by The Information. This investment marks Thrive’s latest significant move in Silicon Valley. The venture capital firm, led by Joshua Kushner, previously led a tender offer for OpenAI and holds a notable stake in payments company Stripe Inc. Valuing Databricks at $55 billion would represent an increase from last year’s $43 billion valuation when it raised $500 million. Known as a competitor to Snowflake Inc., Databricks specializes in AI-driven software to help organizations manage and analyze large data sets, allowing it to continue raising substantial funds from private markets and delay an initial public offering.