Databricks Secures $1B Funding, Reaches $100B Valuation, $4B Revenue

Databricks has secured an additional $1 billion in funding, bringing its valuation to a remarkable $100 billion just nine months after a previous $10 billion raise. The company’s revenue run-rate has surged to $4 billion, growing over 50% year over year, with its AI products contributing $1 billion of that total. The funding round was co-led by Thrive Capital, Insight Partners, Andreessen Horowitz, MGX, and WCM Investment Management, with CEO Ali Ghodsi highlighting the acceleration of Databricks' AI strategy, including expansion of its Agent Bricks product and the launch of the new Lakebase operational database category tailored for AI agents. Databricks reports that 80% of databases are now created by AI agents, reflecting a significant shift in data management and analytics. The company serves over 20,000 organizations worldwide, including many Fortune 500 companies, and is positioned as a leading data and AI platform preparing for potential IPO activity. Insight Partners and other investors cite strong adoption of Databricks products across their portfolios, underscoring its transformative impact on enterprise AI infrastructure.