Data and artificial intelligence company Databricks has completed a $5 billion funding round, alongside securing $2 billion in debt capacity, pushing its valuation to $134 billion and reinforcing its position as one of the most valuable private technology companies globally.
The latest financing comes as Databricks reports annualized revenue exceeding $5.4 billion, driven by strong enterprise demand for data analytics and artificial intelligence solutions. The company posted 65% year-over-year revenue growth and remains free-cash-flow positive, strengthening expectations that it is moving closer to a potential initial public offering (IPO).
A significant share of Databricks’ expansion has been fueled by its AI portfolio. The company disclosed that AI-related products are now generating approximately $1.4 billion in annualized revenue, underscoring the commercial traction of its machine-learning and data-infrastructure offerings as enterprises accelerate AI adoption.
Market analysts note that Databricks continues to widen its lead over key competitors, including Snowflake, particularly in terms of scale, revenue growth, and breadth of AI-native capabilities. The company’s unified data and AI platform has become a core component of enterprise technology stacks seeking to operationalize large-scale AI workloads.
The funding round reflects sustained investor confidence in Databricks’ long-term growth strategy, as capital continues to concentrate around AI companies demonstrating clear monetization, strong cash generation, and enterprise-level adoption, rather than speculative future use cases.
With expanding revenues, improving margins, and increasing dominance in the AI data infrastructure market, Databricks is widely viewed as one of the most closely watched IPO candidates in the global technology sector.
Sources
Yahoo Finance
https://finance.yahoo.com





