Databricks Raises $10B in Series J Funding at a $62B Valuation
Databricks plans to scale its global reach.
Company Name: Databricks
Location: San Francisco, CA (Global Offices)
Industry: Data and AI
Funding Details:
Amount: $10B (Series J)
Valuation: $62B
Investors: Thrive Capital (Lead), Andreessen Horowitz, DST Global, GIC, Insight Partners, WCM Investment Management, Ontario Teachers’ Pension Plan, ICONIQ Growth, MGX, Sands Capital, Wellington Management
Purpose of Investment:
The funds will fuel product enhancements, acquisitions, and international expansion, while also providing liquidity for employees and covering related taxes.
Leadership:
CEO: Ali Ghodsi
Product:
Databricks offers a unified platform enabling over 10,000 organizations, including Fortune 500 companies like Block, Comcast, Rivian, Shell, and Condé Nast, to leverage data for advanced analytics, machine learning, and AI applications. Its use cases include:
- Healthcare & Life Sciences: Advancing early disease detection and drug development.
- Climate Change: Discovering new sustainability strategies.
- Financial Services: Enhancing fraud detection and financial inclusion.
- Social Impact: Reducing inequality and supporting mental health interventions.
About the Company:
With a projected $3B revenue run rate and expected positive free cash flow by Q4, Databricks is scaling its global reach. It recently established a European hub in London, an Asia-Pacific and Japan (APJ) hub in Singapore, and expanded operations in Latin America and the Middle East.
Backed by top-tier investors and driven by cutting-edge AI and data technology, Databricks continues to lead innovation in data-driven business transformation worldwide.
