Databricks Raises $1B And Hits $100B Valuation

Databricks announced it closed a $1 billion Series K round, valuing the San Francisco-based data analytics and AI firm at $100 billion, making it one of the world’s most valuable private companies. Co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM, the funding will accelerate Databricks’ AI strategy, including product expansion, acquisitions, and research. The company projects $4 billion in annual revenue, with AI products accounting for $1 billion. Databricks currently serves around 15,000 customers, including Shell and Rivian, and targets net revenue retention above 140% with over 650 large-scale clients. Recent launches include Lakebase, a new operational database, and Agent Bricks, an AI system-building platform. CEO Ali Ghodsi said Databricks remains cash flow positive, leaving open the possibility of an eventual IPO.

Reuters, Kritika Lamba and Krystal Hu – Databricks closes $1 billion round, projects $4 billion in annualized revenue on surging AI demand – 9th September 2025