Databricks CEO Ali Ghodsi speaks on CNBC’s Fast Money on December 17, 2024.
CNBC
Databricks has raised $4 billion in a funding round that values the data analytics software company at $134 billion, the company announced Tuesday.
The valuation is a 34% increase from the company’s $100 billion valuation announced in August. At the time, Databricks became one of the few private companies to be valued at over $100 billion, joining SpaceX, ByteDance, and OpenAI.
Databricks said it plans to use the funding to help customers build apps as the development of artificial intelligence accelerates.
The company said its revenue run rate topped $4.8 billion in the third quarter, growing 55% year-over-year. This number is also up from the $4 billion revenue run rate announced earlier this year.
Databricks is among a growing list of companies choosing to remain private for longer periods of time as private markets offer more funding opportunities.
Insight Partners, Fidelity Management & Research Company, and JP Morgan Asset Management led the round, with participation from Andreessen Horowitz.
Databricks was founded in San Francisco in 2013 and ranked #3 on CNBC’s 2025 Disruptor 50 list.
