Databricks has completed a $17,142,000 membership-interest offering in its Series K funding round, arranged by Buttonwood Group Advisors LLC with Joseph Gunnar & Co., LLC serving as exclusive placement agent. The funding comes as the company signs a Series K term sheet valuing it at more than $100 billion, positioning Databricks among the most valuable private technology companies globally. This substantial valuation reflects Databricks unprecedented growth trajectory, which includes surpassing a $4 billion revenue run-rate with AI products contributing over $1 billion of that total.
This momentum underscores the company's successful transition into artificial intelligence services and products, including Agent Bricks and Lakebase platforms that have gained significant market traction. Databricks has expanded multi-year partnerships with major cloud providers, embedding Azure Databricks and Google's Gemini models into its ecosystem. These strategic alliances strengthen the company's position in the competitive enterprise AI landscape while addressing potential risks associated with cloud-provider dependencies.
The company's Data Intelligence Platform serves more than 20,000 organizations worldwide, including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500. Founded by the original creators of Lakehouse, Apache Spark, Delta Lake, MLflow, and Unity Catalog, Databricks maintains its headquarters in San Francisco with global offices. The company continues to navigate regulatory and privacy requirements while competing in the rapidly evolving AI market. For additional information about the company's offerings and technology platform, visit https://www.databricks.com/.
The funding announcement was distributed through TechMediaWire, a specialized communications platform focused on technology companies. TechMediaWire operates as part of the Dynamic Brand Portfolio at IBN, providing comprehensive distribution services including wire solutions, editorial syndication to 5,000+ outlets, press release enhancement, and social media distribution. More details about their services can be found at https://www.TechMediaWire.com. This substantial funding round at a record valuation demonstrates investor confidence in Databricks ability to maintain its leadership position in the data and AI sector despite increasing competition and regulatory challenges.
