Home/Events/Databricks Raises $5 Billion at $190 Billion Valuation Amid High Investor Interest

Databricks Raises $5 Billion at $190 Billion Valuation Amid High Investor Interest

Confirmed

Confidence

90%

Impact: 80%

Updated 1h ago

Consensus Brief

Databricks has successfully raised $5 billion in funding, significantly more than its initial target of $1 billion, due to overwhelming investor interest. The company's valuation has increased to $190 billion, driven by strong revenue growth and a robust product lineup in the AI sector.

Sourced from

TechCrunchT2

Primary: TechCrunch

What Changed Since Last Update

1h ago

Databricks' funding round increased from an initial target of $1 billion to a successful raise of $5 billion.

Claim Ledger

8 claims tracked across sources

Confirmed Fact

Databricks raised $5 billion from various investors.

Confirmed Fact

The company's valuation is now $190 billion.

Confirmed Fact

Databricks has an annualized run rate revenue of $7 billion, growing at 80%.

Confirmed Fact

The core product, a cloud data warehouse, contributes $1.5 billion to the run rate and is growing at 100% year-over-year.

Confirmed Fact

Databricks has raised $20 billion over the past 20 months.

Confirmed Fact

The company has an AI research team of 100 people.

Confirmed Fact

Databricks acquired Electric, a company that makes the lightweight Postgres database PGlite.

Official Claim

Databricks plans to go public in the future.

Role-Based Impact Analysis

Source Timeline

1 source corroborating

Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.

TechCrunch·13h ago