Databricks Momentum Still Building

Data integration and transformation giant Databricks has announced Q4 results showing c.65% revenue growth. Its Series L finance round, now extended to $7 billion, will be used to drive development of its Lakebase database for AI agents and its conversational assistant Genie.

Headquartered in San Francisco with more than 30 offices around the globe, the firm helps more than 20,000 organizations worldwide to build and scale data and AI apps, analytics and agents. Its unified Data Intelligence Platform includes the products Agent Bricks, Genie, Lakebase, Lakeflow, Lakehouse, and Unity Catalog.

The new funding round, first announced in December, includes around $5 billion in equity financing, at a $134 billion valuation, and around $2 billion of additional debt capacity. JP Morgan Chase has expanded its investment in the company, and firms including Glade Brook Capital, Growth Equity at Goldman Sachs Alternatives, Microsoft, Morgan Stanley and the Qatar Investment Authority (QIA) also participated.

The company achieved ARR of $5.4 billion in Q4, including more than $1.4 billion for its AI products. More than 800 of its clients are consuming at over $1 million ARR, and more than 70 at over $10 million.

Ali Ghodsi (pictured), co-founder and CEO notes, 'We're seeing overwhelming investor interest in our next chapter as we go after two new markets. With this new capital, we'll double down on Lakebase so developers can create operational databases built for AI agents. At the same time, we're investing in Genie to let every employee chat with their data, driving accurate and actionable insights.'

The firm is online at www.databricks.com .