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Ali Ghodsi, co-founder and CEO of Databricks.
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Databricks said on Monday it had raised $5 billion in funding and $2 billion in new debt capacity, valuing it at $134 billion.
The privately held data analytics software company also said it generated annualized revenue of more than $5.4 billion in the January quarter, up 65% year over year, while delivering free cash flow over the past year.
That performance could spark interest among public market investors, who haven’t seen many new offerings from high-growth technology companies. Databricks co-founder and CEO Ali Ghodsi said in an interview with CNBC that Databricks is ready to go public “when the time is right.”
There could be some notable tech IPOs this year. Rapidly developing artificial intelligence laboratory Anthropic selection and open artificial intelligence The company is also considering an initial public offering in 2026, according to people familiar with the matter. Elon Musk december says His rocket company SpaceX may also go public this year.
Like many other companies, Databricks generates revenue through artificial intelligence. In addition to providing tools for storing, processing, and querying data, the company helps customers connect data with artificial intelligence models to launch custom agents. Databricks said in a statement that AI products currently generate $1.4 billion in annual revenue. Databricks’ overall expansion pace is accelerating – company predicts June 50% growth.
company explain In December, the company raised more than $4 billion in a funding round that valued it at $134 billion.
“We’re not sure we’re actually going to be able to raise all five of those,” Godsey said, adding that there has been a lot of interest in recent weeks. He said it could take several months for venture capital to reflect significant changes in the stock market.
Goldman Sachs, Glade Brook Capital, Morgan Stanley, Neuberger Berman and the Qatar Investment Authority are among the investors in the new round. JPMorgan led the debt round, and Databricks now has billions in cash on hand.
“If this correction hasn’t hit bottom yet and it continues, then we will continue to be a private company,” Godsey said.
Databricks is now bigger than the competition snowflakewhich reported US$1.21 billion Revenues for the October quarter. Snowflake has a market capitalization of approximately $58 billion. With its widespread release lake base Last week, Databricks expanded its market to challenge competitors such as Oracle and sap.
Oracle Shares of Snowflake and Snowflake both fell about 13% last week as software stocks fell across the board. This comes amid investor concerns that an open source plug-in for productivity tools powered by Anthropic’s Claude Cowork AI could create new competitive challenges for public software companies.
“Correction is an overreaction, and you see all these companies out there, and no one is going to get rid of them anytime soon,” Godsey said. “Their moat is shrinking.”
Databricks was founded in 2013 and ranks third in CNBC rankings 2025 Disruptor 50 list.
—CNBC’s Ashley Capoot contributed to this report.
