tech

February 9, 2026

Databricks completes $5 billion funding round at $134 billion valuation

Databricks is prepared to go public "when the time is right," CEO and co-founder Ali Ghodsi told CNBC in an interview.

Databricks completes $5 billion funding round at $134 billion valuation

TL;DR

  • Databricks raised $5 billion in funding and $2 billion in debt capacity.
  • The company reached a valuation of $134 billion.
  • Annualized revenue exceeded $5.4 billion for the January quarter, up 65% year over year.
  • AI products contribute $1.4 billion in annualized revenue.
  • Databricks is prepared for a public offering when conditions are favorable.
  • Investors in the new round include Goldman Sachs, Glade Brook Capital, Morgan Stanley, Neuberger Berman, and the Qatar Investment Authority.
  • JPMorgan led the debt round.
  • Databricks is now larger than rival Snowflake in terms of revenue.
  • The company's Lakebase database expansion challenges incumbents like Oracle and SAP.

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