Databricks Secures $4B+ Funding as AI and Data Business Hits $4.8B Run-Rate
Company accelerates investments in Agent Bricks, Lakebase and Databricks Apps to power Data Intelligent Applications
Chennai: Databricks has announced a more than $4 billion Series L funding round, valuing the company at $134 billion, as it continues to ride strong growth in data, warehousing, and AI-led enterprise applications. The round was led by Insight Partners along with Fidelity Management & Research Company and J.P. Morgan Asset Management, with participation from a wide roster of global investors.
The company also revealed it has crossed a $4.8 billion revenue run-rate in Q3, growing over 55 percent year-on-year, while remaining free cash flow positive over the last 12 months. Databricks has achieved more than $1 billion in annualized revenue each from its AI products and its Data Warehousing business, underscoring accelerating enterprise adoption.
The fresh capital will be deployed to help customers build data-intelligent applications by combining proprietary enterprise data with generative AI. This includes strengthening Lakebase as a system of record, Databricks Apps as the application layer, and Agent Bricks to support scalable multi-agent systems. The funding will also provide employee liquidity, support future AI acquisitions, and deepen research investments.
“Enterprises are rapidly reimagining how they build intelligent applications,” said Ali Ghodsi, co-founder and CEO of Databricks. “With this investment, we’re helping organizations innovate with AI on their own data, at scale.”
Investors echoed confidence in the company’s trajectory, highlighting Databricks’ ability to translate AI innovation into measurable business impact as it enters its next phase of growth.
