About Databricks
Databricks is a San Francisco-based Data and AI platform company and one of the most valuable private enterprise software companies in the world. Founded in 2013 by Ali Ghodsi, Ion Stoica, Matei Zaharia, Andy Konwinski, Patrick Wendell, Reynold Xin, and Scott Shenker — the original creators of Apache Spark, Delta Lake, and MLflow at UC Berkeley — Databricks provides a unified platform that enables organizations to store, process, analyze, and build AI on top of their data at scale.
As of February 2026, Databricks surpassed a $5.4 billion annualized revenue run rate, growing more than 65% year over year, with AI product revenue exceeding $1.4 billion and Data Warehousing revenue topping $1 billion — all while generating positive free cash flow. The company counts over 700 customers spending $1M+ annually and serves more than 60% of the Fortune 500, including Comcast, Shell, Block, Rivian, and HSBC. Net revenue retention exceeds 140%.
Databricks closed a $5 billion Series L equity round in February 2026 at a $134 billion valuation, alongside a $2 billion debt facility led by JPMorgan — bringing total financing to over $7 billion in that round alone. The company has not filed for an IPO as of June 2026, though CEO Ali Ghodsi has stated Databricks has been "IPO-ready since 2020" and a public listing remains a widely anticipated future event. A new round at a valuation of $165–175 billion was reported to be in discussions as of June 9, 2026.
Funding History
| Round | Date | Amount Raised | Post-Money Valuation | Notable Investors |
|---|---|---|---|---|
| Debt | Jan 2026 | $2B | — | JPMorgan Chase, Citi, Barclays, Morgan Stanley |
| Series L | Dec 2025 – Feb 2026 | $5B | ~$134B | Insight Partners, Fidelity, J.P. Morgan AM, a16z, BlackRock, Blackstone, Coatue, GIC, Goldman Sachs, Microsoft, QIA, Temasek, Thrive Capital |
| Series K | Sep 2025 | $1B | ~$100B | a16z, Insight Partners, MGX, Thrive Capital, WCM Investment Management |
| Series J | Dec 2024 | $10B | ~$62B | Thrive Capital (lead), a16z, DST Global, GIC, Insight Partners, ICONIQ, WCM, Ontario Teachers' |
| Series I | Sep 2023 | $500M | ~$43B | a16z, Baillie Gifford, ClearBridge, Fidelity, Nvidia, T. Rowe Price |
| Series H | Aug 2021 | $1.6B | ~$38B | Franklin Templeton, a16z, Morgan Stanley, Baillie Gifford |
| Series G | Feb 2021 | $1B | ~$28B | a16z, BlackRock, Fidelity, T. Rowe Price, Tiger Global |
| Series F | Oct 2019 | $400M | ~$6.2B | a16z, Microsoft, Coatue, Salesforce Ventures |
| Series E | Feb 2019 | $250M | ~$2.75B | a16z, Microsoft, NEA |
| Series D | Aug 2017 | $140M | ~$1B | a16z, New Enterprise Associates |
| Series A–C | 2013–2016 | ~$47M | — | a16z, Battery Ventures, NEA |
Figures sourced from public disclosures and press releases. Approximate. For informational purposes only. Not an offer or solicitation.
Company Details
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