Databricks Nears $5 Billion Capital Raise at $134 Billion Valuation

Databricks Nears  Billion Capital Raise at 4 Billion Valuation
Databricks Nears  Billion Capital Raise at 4 Billion Valuation

Databricks announced that it is completing more than $7 billion of investment, including around $5 billion of equity financing at a valuation of $134 billion and around $2 billion of additional debt capacity.

The San Francisco-based data and artificial intelligence company also reported achieving revenue of more than $5.4 billion in its fourth quarter, representing growth of more than 65% compared to the previous year.

The newly acquired capital will be allocated to Databricks initiatives such as Lakebase, a serverless Postgres service designed for AI agent workloads, and Genie, a conversational assistant designed to allow employees to query company data through chat functions.

The funds will also support AI research, strategic acquisitions and liquidity for employees.

Databricks co-founder and CEO Ali Ghodsi said: “We are seeing overwhelming investor interest in our next chapter as we pursue two new markets,

“With this new capital, we will double down on Lakebase so developers can create operational databases built for AI agents. At the same time, we are investing in Genie to enable every employee to chat with their data, generating accurate and actionable insights.”

The latest funding round saw participation from both new and existing investors. Notably, JPMorgan Chase expanded its involvement through the newly created Strategic Investment Group of its Security and Resilience Initiative.

Other participants included Glade Brook Capital, Goldman Sachs Alternatives’ Growth Equity, Morgan Stanley, Microsoft, Neuberger-affiliated funds, Qatar Investment Authority, UBS-affiliated funds, among others.

Databricks highlighted that the credit facilities were led by JPMorgan Chase Bank, in collaboration with Barclays, Citi, Goldman Sachs and Morgan Stanley, along with several financial institutions and alternative asset managers.

The company also said it achieved positive free cash flow over the past year. Its AI product line alone surpassed a $1.4 billion revenue rate with a net retention rate of over 140%.

Databricks claims to have more than 800 clients generating more than $1 million annually and more than 70 clients generating more than $10 million annually. The company plans to further develop Lakebase as a serverless Postgres database to help customers build data and AI applications on an integrated platform.

Additionally, the investment in Genie will expand its natural language capabilities to improve access to data and AI across businesses.

Todd Combs, head of JPMorganChase’s Security and Resiliency Initiative Strategic Investment Group, said: “Databricks is a generational company that has become the backbone of enterprise data and AI, helping organizations in critical sectors seize opportunities and overcome challenges.

“This initial investment reflects the strength of Databricks’ secure platform and continues to support its innovative production-scale applications serving customers around the world.”

Last month, Toyota Motor adopted the Databricks data intelligence platform for its Vista project, the Japanese automaker’s unified data and artificial intelligence hub.

Databricks explained that Vista merges Toyota’s various data sources, facilitating more efficient development and deployment of AI and machine learning models. The company clarified that Toyota launched its Data Library Project in 2021 to eliminate information silos, but faced challenges due to infrastructure limitations.

By selecting Databricks as the foundation for Vista, Toyota aimed to unify corporate data into a single platform with secure governance and quality controls.

In December 2025, Databricks revealed a Series L investment exceeding $4 billion, valuing the company at $134 billion. This funding went toward helping customers develop AI applications and agents using proprietary data frameworks like Lakebase.

“Databricks Nears $5B Capital Raising at $134B Valuation” was created and originally published by Verdict, a brand owned by GlobalData.


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