Databricks Raises $5 Billion, Hits $134 Billion Valuation as Revenue Soars 65%
Summary
Databricks secures $5 billion in funding, catapulting its valuation to $134 billion as the data analytics giant reports explosive 65% revenue growth to $5.4 billion annually while achieving positive cash flow and eyeing a potential 2026 IPO.
Key Points
- Databricks completes $5 billion funding round with $2 billion in debt capacity, reaching a $134 billion valuation
- The data analytics company reports annualized revenue exceeding $5.4 billion for January quarter, up 65% year-over-year with positive free cash flow
- CEO Ali Ghodsi states the company is prepared to go public 'when the time is right' amid potential 2026 tech IPO wave