Databricks has raised more than $4 billion in a Series L funding round, valuing the data and AI platform at $134 billion — underscoring investor conviction in the long-term impact of artificial intelligence on enterprise software.
The round was led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, with participation from Andreessen Horowitz, BlackRock, and Blackstone.
🔹 Why Investors Are Doubling Down
- Revenue run rate: $4.8B in Q3, up 55% YoY
- AI products & data warehousing: each exceeded $1B run rate
- Positive free cash flow over the past 12 months
- 20,000+ enterprise customers, including Shell, Adobe, and the NBA
“Investors are pricing in a world where every company becomes a data company,” said Michael Ashley Schulman of Running Point Capital.
🔹 Competitive Edge
Despite competition across cloud, AI, and analytics, Databricks’ open ecosystem combined with deep enterprise distribution continues to differentiate its platform.
🔹 Use of Proceeds
The company plans to deploy the capital to:
- Accelerate AI-driven application development
- Expand AI research
- Support future acquisitions
- Provide employee liquidity
🔹 Big Picture
Databricks’ latest raise highlights how data infrastructure is becoming the backbone of AI adoption, and why investors are willing to back scaled, cash-generative platforms at historic valuations.