Databricks announced it has surpassed a $5.4 billion revenue run rate, achieving more than 65% year-over-year growth in the fourth quarter, alongside new investments exceeding $7 billion to expand its data and artificial intelligence platform. The financing includes approximately $5 billion in equity funding at a $134 billion valuation and about $2 billion in additional debt capacity.
The investment round drew participation from major financial institutions and strategic partners including JPMorganChase, Microsoft, Morgan Stanley, and Qatar Investment Authority. Co-founder and CEO Ali Ghodsi said the capital will accelerate development of Lakebase, a serverless Postgres database designed for AI agents, and Genie, a conversational AI assistant that enables employees to interact with enterprise data using natural language, as Databricks expands its unified Data Intelligence Platform.
