Ali Ghodsi, co-founder and CEO of Databricks, said:
data brick
Data analytics software company Databricks has taken on $1.8 billion in new debt, a person familiar with the matter told CNBC.
Databricks currently has access to more than $7 billion in debt, the person added. The company declined to comment.
Databricks is one of the highly valued technology companies poised to go public in 2026, along with Anthropic, Canva, OpenAI, and Stripe. Databricks co-founder and CEO Ali Ghodsi told CNBC in December that the company would not rule out an initial public offering (IPO) this year.
Databrix announced in December that it had raised more than $4 billion at a valuation of $134 billion. The company announced it generated $4.8 billion in annual revenue, growing more than 55% year over year. Databricks also said it had positive free cash flow over the past year.
The company said in an investor briefing in June that its subscription gross margin for fiscal 2025 exceeded 80%.
Founded in 2013, Databricks was ranked third on CNBC’s 2025 Disruptor 50 list of private companies.
Bloomberg earlier reported details of the funding.
WATCH: Databricks CEO Ali Ghodsi: Can’t rule out going public in 2026
