Databricks Raises $4 Bn in Series L Funding; Tops $4.8 Bn Revenue Run-Rate, Secures
The Q3 performance included more than $1 billion revenue run-rate each from its AI products and its data warehousing business.
Databricks has announced it has surpassed a $4.8 billion annual revenue run-rate, growing more than 55% year-over-year as demand for AI and data-driven applications continues to surge.
The company also revealed it is raising over $4 billion in a Series L funding round, valuing the business at approximately $134 billion. The investment is led by Insight Partners, Fidelity Management & Research Company, and J.P. Morgan Asset Management, with participation from major backers including Andreessen Horowitz, BlackRock, Blackstone, GIC, Temasek, Thrive Capital and others.
The Q3 performance included more than $1 billion revenue run-rate each from its AI products and its data warehousing business, underscoring broad demand across data workloads. Databricks also reported positive free cash flow over the past 12 months.
In September, Databricks said it crossed $4 billion revenue run-rate in Q2 2025, marking more than 50% year-over-year growth. The company also revealed its AI products have reached a $1 billion revenue run-rate, underscoring the rapid adoption of its data and AI platform across industries.
“Enterprises are rapidly reimagining how they build intelligent applications, and the convergence of generative AI with new coding paradigms is opening the door to entirely new workloads,” said Ali Ghodsi, co-founder and CEO of Databricks. “By anchoring transactional data in Lakebase, delivering intuitive experiences through Databricks Apps, and enabling advanced multi-agent systems with Agent Bricks, we’re giving customers a unified foundation to build trusted, high-performance Data Intelligent Applications at scale.”
The fresh capital will fuel product innovation and expand the company’s push into AI agents and data-intensive applications, including support for future acquisitions, deeper research, and employee liquidity. Databricks serves over 20,000 global organisations, including major brands in industries from finance to manufacturing.
The funding round and revenue milestone highlight the company’s continued momentum amid an enterprise shift toward AI-enabled data platforms that power analytics, automation, and intelligent workflows across sectors.
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