Databricks raises capital at $134 billion valuation in latest funding round

Databricks has announced a significant funding round, securing $4 billion which elevates its valuation to an impressive $134 billion. This latest valuation marks a remarkable 34% increase from the $100 billion assessment made just a couple of months ago in August. This latest funding round positions Databricks among a select group of private companies that have reached valuations exceeding $100 billion, joining the ranks of industry giants like SpaceX, ByteDance, and OpenAI. The company plans to allocate these funds to bolster customer application development in light of the rapid advancements in artificial intelligence. In terms of financial performance, Databricks reported a revenue run-rate surpassing $4.8 billion in the third quarter, reflecting a robust year-over-year growth rate of 55%. This figure also marks an increase from the $4 billion revenue run-rate disclosed earlier in the year. Databricks continues to be a significant player in the tech landscape, opting to remain private longer amid a thriving private market. The recent funding round was spearheaded by major investors including Insight Partners, Fidelity Management & Research Company, and JPMorgan Asset Management, with participation from Andreessen Horowitz. Founded in 2013 in San Francisco, Databricks has also earned recognition by securing the third position on CNBC's 2025 Disruptor 50 list.