US EditionUS Software Company Databricks Raises $5bn in Latest Funding Round
Databricks secured $5 billion funding and $2 billion debt led by JPMorgan, reporting $5.4 billion revenue with AI products generating $1.4 billion annually, fueling expansion plans.
- On Monday, Databricks said it raised $5 billion in equity and secured $2 billion in debt capacity at a $134 billion valuation with JPMorgan leading the debt facility.
- After reporting rapid revenue gains, Databricks said annualized revenue exceeded $5.4 billion for the January quarter, up 65% year over year, with its Lakebase database released last week challenging Oracle and SAP.
- Ali Ghodsi, co-founder and CEO of Databricks, emphasized investor demand, saying `We weren't sure we're going to actually be able to raise all of the five` as AI products generate $1.4 billion in annualized revenue.
- The funding could increase interest from public market investors, as Databricks said it is prepared to go public "when the time is right," and this year may feature notable tech IPOs.
- The broader AI-IPO backdrop includes investor concern over open-source plugins for Anthropic's Claude and Databricks now larger than rival Snowflake, which reported $1.21 billion in revenue in the October quarter.
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Databricks hits $5.4B revenue run rate and banks a $134B valuation
Databricks is having one of those years that most enterprise software companies would quietly envy. The data and AI platform says it has reached a $5.4bn annual revenue run rate, growing 65% year over year, at a time when growth across the sector has cooled noticeably. For a private company, that pace is rare. And it helps explain why investors have continued to pour money into Databricks, even as funding has become more selective. The company s…
Databricks raises $5B at $134B valuation as AI revenue surges and IPO talk grows - Tech Startups
Databricks just pulled in one of the largest private financings the data software sector has ever seen, locking up $5 billion in equity and another $2 billion in fresh debt capacity at a $134 billion valuation. The numbers land at […] The post Databricks raises $5B at $134B valuation as AI revenue surges and IPO talk grows first appeared on Tech Startups.
Times of India
The Economic TimesDatabricks valued at $134 billion in latest fundraise: Report
Databricks said on Monday it has raised about $5 billion in funding at a $134 billion valuation, as the data analytics software startup bolsters its balance sheet while keeping options open for a US stock market debut later this year.
Databricks raises $5 billion in latest funding amid IPO expectations
Feb 9 (Reuters) - Databricks said on Monday it has raised about $5 billion in funding at a $134 billion valuation, as the data analytics software startup bolsters its balance sheet while keeping options open for a U.S. stock market debut later this year.
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