Databricks announced it has surpassed a $5.4 billion revenue run rate, achieving more than 65% year-over-year growth in the fourth quarter. Alongside this milestone, the company is completing investments totaling more than $7 billion, including approximately $5 billion in equity financing at a $134 billion valuation and roughly $2 billion in additional debt capacity.
The equity financing included participation from both new and returning investors. JPMorganChase expanded its investment through its Security and Resiliency Initiative’s newly formed Strategic Investment Group. In addition to previously disclosed participants in the Series L round, the additional close included Glade Brook Capital, Growth Equity at Goldman Sachs Alternatives, Microsoft, Morgan Stanley, funds affiliated with Neuberger, Qatar Investment Authority, funds associated with UBS, and others. The credit facilities were led by JPMorgan Chase Bank, N.A., with participation from Barclays, Citi, Goldman Sachs, and Morgan Stanley, alongside other financial institutions and alternative asset managers.
The investment follows continued financial momentum in Q4. Databricks surpassed a $5.4 billion revenue run rate, achieved more than 65% year-over-year growth, and delivered positive free cash flow over the last 12 months. Its AI products crossed a $1.4 billion revenue run rate, while the company maintained a net retention rate above 140%. More than 800 customers are consuming over $1 million in annual revenue run-rate, and over 70 customers are consuming more than $10 million in annual revenue run-rate.
The company plans to use the new capital to accelerate development of Lakebase, its serverless Postgres database designed for AI agents, and Genie, its conversational AI assistant that enables employees to interact with data through natural language. The funding will also support expanded AI research, strategic acquisitions and employee liquidity initiatives.
Databricks said it will advance Lakebase to help customers build data and AI applications faster on a unified platform. The company will also expand Genie’s natural-language capabilities to make data and AI accessible across enterprises.
Databricks is a data and AI company serving more than 20,000 organizations worldwide, including adidas, AT&T, Bayer, Block, Mastercard, Rivian, and Unilever, as well as over 60% of the Fortune 500. Headquartered in San Francisco with more than 30 offices globally, the company provides a unified Data Intelligence Platform that includes Agent Bricks, Genie, Lakebase, Lakeflow, Lakehouse, and Unity Catalog.
KEY QUOTES
“We’re seeing overwhelming investor interest in our next chapter as we go after two new markets. With this new capital, we’ll double down on Lakebase so developers can create operational databases built for AI agents. At the same time, we’re investing in Genie to let every employee chat with their data, driving accurate and actionable insights.”
Ali Ghodsi, Co-Founder And CEO, Databricks
“Databricks is a generational company that has become a backbone for enterprise data and AI, helping organizations across critical sectors seize opportunities and overcome challenges. This initial investment reflects the strength of Databricks’ secure platform and continues to support their innovative, production-scale applications that serve customers around the world.”
Todd Combs, Head Of The Strategic Investment Group For JPMorganChase’s Security And Resiliency Initiative
