September 9, 2025

Databricks, the data analytics superstar, is on fire! On Monday, it announced it's speeding towards a whopping $4 billion in annual revenue, all thanks to a soaring need for its smart AI gadgets. The company just wrapped up a gigantic $1 billion funding round called Series K, which valued it at a jaw-dropping $100 billion. That’s right, $100 billion! This makes Databricks one of the most valuable private firms on the globe. The funding round was led by some big-name investors like Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management. Databricks plans to use this treasure chest to push its AI plans even further. This means creating more cool products, launching a new type of operational database, and buying and researching awesome new AI tech. In just the second quarter, Databricks wowed around 15,000 customers, including giants like Shell and the electric vehicle maker Rivian. Their AI products alone pulled in $1 billion! The company is aiming high, with a goal to keep over 140% revenue retention and to have more than 650 clients who spend over a million dollars each year. Plus, they are proud to say they've been cash flow positive for the last year. CEO Ali Ghodsi shared, "The company intends to remain cash-flow positive," leaving open the chance for an initial public offering (IPO) but without saying exactly when. With this new money, they will supercharge AI tools like Agent Bricks, which helps users build autonomous AI systems, and boost their data warehouse product Lakebase. Launched in June, Lakebase is already making tens of millions annually. Databricks has been snapping up startups too, like the recent buyout of machine learning startup Tecton. Founded in 2013 and based in San Francisco, Databricks is seen as a top contender to go public soon. CEO Ghodsi also mentioned many investor questions following the $1.22 billion IPO of design software company Figma in July, showing big excitement around such tech firms. At its core, Databricks offers a neat platform for users to bring in data, analyze it, and build killer AI apps. With this huge funding and skyrocketing revenue, the future looks dazzling for this AI and data giant!

Read More at Thehindu →

Tags: Databricks, Ai products, Funding round, Series k, Startup valuation, Cloud analytics,