T. Rowe Price

Asset manager
Baltimore, Maryland, USAFounded 1937$6.6B AUMwww.troweprice.com

Global asset management firm managing investments across equity, fixed income, and alternatives.

Strategy

Geographies
Baltimore, Maryland, USA

Recent changes

  1. Aug 19, 2026Invested in Castelion (Series C, $1B ($800M equity + $250M revolving credit facility)) Castelion
  2. Aug 13, 2026Invested in Databricks (Strategic growth round, $5B) Bloomberg
  3. Aug 12, 2026Invested in Form Energy (Series G, $750M) TechCrunch
  4. Jul 21, 2026Invested in Sila (Growth, $300M) Sila
  5. Jul 8, 2026Invested in SambaNova (Series F, $1B) TechCrunch
Earlier changes (3)
  1. Mar 31, 2026Invested in OpenAI ($122B) TechCrunch
  2. Nov 20, 2025Invested in Physical Intelligence (Series B, $600M) SiliconANGLE
  3. Nov 17, 2025Invested in Ramp (Series E-2, $300M) PR Newswire

Portfolio

11 total
OpenAICognitionDatabricksCrusoeCastelionForm EnergySilaSambaNovaRampWaymoPhysical Intelligence

Recent Investment Activity

8
DateCompanyEventAmountValuationInvestorsSource
Aug 19, 2026CastelionSeries C$1B ($800M equity + $250M revolving credit facility)$13B
Andreessen HorowitzCarlyle GroupLightspeed Venture PartnersLavrock VenturesAltimeter CapitalGeneral CatalystInterlagosT. Rowe PriceJPMorgan Chase Strategic Investment Group
outlined = lead
Castelion
Aug 13, 2026DatabricksStrategic growth round$5B$190B
Coatue ManagementBlackstone (Tech Hub)MGXT. Rowe PriceSixth StreetBondPoint72Premji InvestTPGAndreessen HorowitzThrive CapitalClearlake Capital
outlined = lead
Bloomberg
Aug 12, 2026Form EnergySeries G$750M—
T. Rowe PriceSequoia CapitalBreakthrough Energy VenturesCoatue ManagementGE VernovaTPG Rise Climate
outlined = lead
TechCrunch
Jul 21, 2026SilaGrowth$300M—
Atreides ManagementSutter Hill Ventures8VCBessemer Venture PartnersMatrix PartnersT. Rowe Price
outlined = lead
Sila
Jul 8, 2026SambaNovaSeries F$1B$11B
General AtlanticIntel CapitalT. Rowe PriceBlackRockQatar Investment AuthorityVista Equity PartnersCapital Group
outlined = lead
TechCrunch
Mar 31, 2026OpenAIfunding round$122B$852B
SoftBank GroupAndreessen HorowitzMGXTPGT. Rowe PriceAmazonNVenturesMicrosoftD. E. Shaw Ventures
outlined = lead
TechCrunch
Nov 20, 2025Physical IntelligenceSeries B$600M$5.6B
CapitalGLux CapitalThrive CapitalJeff BezosIndex VenturesT. Rowe Price
outlined = lead
SiliconANGLE
Nov 17, 2025RampSeries E-2$300M$32B
Lightspeed Venture PartnersFounders FundD1 Capital PartnersCoatue ManagementGICThrive CapitalT. Rowe PriceKhosla VenturesIconiq CapitalGeneral Catalyst
outlined = lead
PR Newswire

Sector / Stage Activity

By sector (portfolio)
AI infra
3 · 27%
Robotics
2 · 18%
Defense
1 · 9%
Developer tools
1 · 9%
Energy
1 · 9%
Fintech
1 · 9%
Semiconductors
1 · 9%
Battery materials
1 · 9%
By stage (tracked rounds)
Series C
1 · 13%
Strategic growth round
1 · 13%
Series G
1 · 13%
Growth
1 · 13%
Series F
1 · 13%
Series B
1 · 13%
Series E-2
1 · 13%

Co-Investors

12
Andreessen Horowitz · 5 sharedAlpha Wave Global · 4 sharedKhosla Ventures · 4 sharedCoatue Management · 4 sharedThrive Capital · 4 sharedSequoia Capital · 4 sharedGeneral Catalyst · 3 shared8VC · 3 sharedFounders Fund · 3 sharedHOF Capital · 3 sharedNvidia · 3 sharedFidelity Investments · 3 shared

Latest Pulse

Pulse coverage →
  1. Form Energy Raises $750M to Scale Grid BatteriesForm Energy raised $750 million led by T. Rowe Price to scale its 100-hour iron-air grid battery technology, the third-largest round in Crunchbase's tracking of this week's biggest U.S. deals behind Databricks and River AI.→
  2. Form Energy Raises $750M for 100-Hour Grid BatteriesForm Energy raised a $750 million Series G led by T. Rowe Price to expand its iron-air batteries, which store power for up to 100 hours and are being bought by Google, Xcel Energy and Crusoe for AI data center power.→
Sources & methodologyshow
Where these figures come from

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