# Databricks revenue, valuation & funding

Markdown copy of https://realalpha.app/companies/databricks/ on Real Alpha, the best minutes from long interviews with the people building AI. Cite and link the page, not this copy.

Databricks was valued at $190B when it closed a $5B round in August 2026, and it said that month it passed a $7B yearly revenue run rate. It's a private company with no stock ticker, and no IPO filing has been reported.

Checked Nov 7, 2026

## At a glance

- Valuation: $190B, set when it closed a $5B round led by Coatue in August 2026.
- Revenue: a $7B yearly run rate in August 2026, as the company said, growing more than 80% year over year. Run rates aren't audited results.
- Status: private. No stock ticker. No IPO filing has been reported.
- Founded: 2013, by the creators of Apache Spark at the University of California, Berkeley.
- CEO: [Ali Ghodsi](https://realalpha.app/builders/ali-ghodsi/), a co-founder, who has led it since 2016.
- Investors: Coatue, Blackstone, MGX, T. Rowe Price, Andreessen Horowitz, Insight Partners, Thrive Capital and NEA, among others.
- Products: Lakehouse, Lakebase, Genie, Agent Bricks, Lakeflow and Unity Catalog.
- Headquarters: San Francisco, with more than 30 offices around the globe.
- On Real Alpha: 11 moments of its people talking, from 2 interviews

## Is Databricks public? Can you buy its stock?

No. Databricks is a private company. Its shares don't trade on any stock exchange, and it has no ticker symbol.

No IPO filing has been reported, and the company hasn't named a date for going public.

Its shares are held by its founders, staff and investors. In December 2025 it said money from its Series L was expected to [provide liquidity for employees](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4-8b-revenue-run-rate-growing-55-year-over-year). This page reports facts and gives no investment advice.

## Valuation, round by round

Its valuation went from $62B in December 2024 to $190B in August 2026, about three times in under two years.

- Aug 2026 · $190B · $5B · Coatue · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- Feb 2026 · $134B · $5B · — · [CNBC](https://www.cnbc.com/2026/02/09/databricks-completes-5-billion-funding-round-with-2-billion-in-debt.html)
- Sep 2025 · $100B+ · $1B · Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4b-revenue-run-rate-exceeding-1b-ai-revenue)
- Dec 2024 · $62B · $10B · — · [TechCrunch](https://techcrunch.com/2026/07/17/databricks-hits-188b-valuation-extending-its-run-as-ais-favorite-second-act/)

The Series L was announced in December 2025 at more than $4B and completed in February 2026 at $5B, plus $2B in new debt capacity.

## Revenue

Databricks doesn't publish audited results. It said its yearly run rate rose from $4B in September 2025 to $7B in August 2026.

- Aug 2026 · $7B · Company · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- Feb 2026 · $5.4B · Reported · [CNBC](https://www.cnbc.com/2026/02/09/databricks-completes-5-billion-funding-round-with-2-billion-in-debt.html)
- Dec 2025 · $4.8B · Company · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4-8b-revenue-run-rate-growing-55-year-over-year)
- Sep 2025 · $4B · Company · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4b-revenue-run-rate-exceeding-1b-ai-revenue)

A run rate is a month's revenue times twelve. It isn't a year's audited revenue.

## How Databricks makes money

Databricks sells a cloud platform to businesses. Customers pay for the compute, storage and data processing they use, [according to Sacra](https://sacra.com/c/databricks/), not for seats or fixed licenses.

Billing is pay-as-you-go, set by tier, processing power and how long it runs. Sacra says revenue is counted in Databricks Units.

Sacra also says AI usage growth is pressuring margins, against 80% gross margins reported as of June 2024.

- **Data warehousing.** Lakehouse passed a $1.5B revenue run rate in August 2026, growing over 100% year over year. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **Databases for AI agents.** Lakebase passed a $100M revenue run rate in August 2026. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **OpenAI models.** Sacra reports a multi-year partnership worth at least $100M that puts OpenAI models in Agent Bricks. · [Sacra](https://sacra.com/c/databricks/)
- **Cash flow.** It said in August 2026 that it had positive adjusted free cash flow over the last 12 months. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)

From Databricks's interviews

- [Databricks pivoted from PLG to enterprise sales and paid innovation](https://realalpha.app/s/databricks-pivoted-from-plg-to-enterprise-sales-and-paid/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
- [Databricks turned down $20 million to stay focused on cloud](https://realalpha.app/s/databricks-turned-down-20-million-to-stay-focused-on-cloud/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
- [Compound AI systems can improve specific tasks more efficiently](https://realalpha.app/s/compound-ai-systems-can-improve-specific-tasks-more/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
- [Great enterprise sellers are aggressive, high-EQ and not technical](https://realalpha.app/s/great-enterprise-sellers-are-aggressive-high-eq-and-not/) · Ali Ghodsi · Training Data · Sep 17, 2026

## Products

Its founders created the open source projects Apache Spark, Delta Lake and MLflow, [the company says](https://www.databricks.com/company/about-us).

- **Lakehouse, Genie, Agent Bricks, Lakeflow and Unity Catalog** make up its platform alongside Lakebase. · [Databricks](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **Lakebase** is its serverless Postgres database built for AI agents. · [Databricks](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **Neon** (May 2025). Sacra says Databricks bought it for about $1B, and its technology is behind Lakebase. · [Sacra](https://sacra.com/c/databricks/)
- **Lakehouse//RT and LTAP** (June 2026). Additions to Lakehouse, per Sacra. LTAP stands for Lakehouse Transactional Access Protocol. · [Sacra](https://sacra.com/c/databricks/)
- **Row Zero** (September 2026). A cloud spreadsheet startup it bought, one of several 2026 acquisitions. · [TechCrunch](https://techcrunch.com/2026/09/24/databricks-buys-row-zero-and-is-scouting-for-more-startups-to-acquire/)
- **Databricks SQL** (November 2020). Previously called SQL Analytics. · [Wikipedia](https://en.wikipedia.org/wiki/Databricks)
- **Delta Engine** (June 2020). A query engine for Delta Lake. · [Wikipedia](https://en.wikipedia.org/wiki/Databricks)

From Databricks's interviews

- [New products need startup-like autonomy inside a large company](https://realalpha.app/s/new-products-need-startup-like-autonomy-inside-a-large/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
- [Databricks moved engineering pay to the market's 90th percentile](https://realalpha.app/s/databricks-moved-engineering-pay-to-the-markets-90th/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024

## Customers

More than 20,000 organizations use its platform, including 70% of the Fortune 500, [Databricks said](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales) in August 2026. It named adidas, AT&T, Bayer, Block, Mastercard, Rivian and Unilever among them.

It also said more than 1,000 customers consume at over a $1 million revenue run rate, and more than 100 at over $10 million.

From Databricks's interviews

- [Databricks customers use AI more to read than to write](https://realalpha.app/s/databricks-customers-use-ai-more-to-read-than-to-write/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024

## Leadership

- **[Ali Ghodsi](https://realalpha.app/builders/ali-ghodsi/),** co-founder and CEO. He has led Databricks since 2016 and helped create Apache Spark. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **[Matei Zaharia](https://realalpha.app/builders/matei-zaharia/),** co-founder and CTO. He created Apache Spark during his PhD and helped build MLflow and Delta Lake.
- **Ion Stoica, Patrick Wendell, Reynold Xin, Andy Konwinski and Arsalan Tavakoli-Shiraji** co-founded the company with them. · [Databricks](https://www.databricks.com/company/founders)

From Databricks's interviews

- [Pick one giant bottleneck and give it years of extreme focus](https://realalpha.app/s/pick-one-giant-bottleneck-and-give-it-years-of-extreme-focus/) · Ali Ghodsi · Training Data · Sep 17, 2026
- [Hire executives early and be extremely picky to avoid false positives](https://realalpha.app/s/hire-executives-early-and-be-extremely-picky-to-avoid-false/) · Ali Ghodsi · Training Data · Sep 17, 2026
- [Test executive candidates by having them do the job](https://realalpha.app/s/test-executive-candidates-by-having-them-do-the-job/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
- [A struggling executive may thrive in a different role](https://realalpha.app/s/a-struggling-executive-may-thrive-in-a-different-role/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024

## Who owns Databricks?

Its founders, staff and investors. As a private company it doesn't publish who holds what, and no stake has been disclosed.

- **Coatue** led the $5B round that closed in August 2026. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **Blackstone, MGX, T. Rowe Price-advised accounts and Sixth Street Growth** joined that round. Sixth Street Growth was a new investor. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- **Insight Partners, Fidelity and J.P. Morgan Asset Management** led the Series L, announced in December 2025. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4-8b-revenue-run-rate-growing-55-year-over-year)
- **Andreessen Horowitz, Insight Partners, MGX, Thrive Capital and WCM Investment Management** co-led the $1B Series K in September 2025. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4b-revenue-run-rate-exceeding-1b-ai-revenue)
- **Thrive Capital** led the $10B Series J in December 2024. · [TechCrunch](https://techcrunch.com/2026/07/17/databricks-hits-188b-valuation-extending-its-run-as-ais-favorite-second-act/)
- **Tiger Global, Microsoft, Nvidia and BlackRock** are also among its key investors, per Sacra. · [Sacra](https://sacra.com/c/databricks/)

## Competitors

Microsoft is a rival through Azure and also a partner. In July 2026 the two [extended their partnership](https://www.databricks.com/company/newsroom/press-releases/databricks-and-microsoft-expand-partnership-help-enterprises-bring) into the 2030s.

- **Snowflake,** which Sacra names as its most direct competitor in cloud analytics. · [Sacra](https://sacra.com/c/databricks/)
- **AWS, Microsoft Azure and Google Cloud,** which each offer data and AI services that compete with its platform, per Sacra. · [Sacra](https://sacra.com/c/databricks/)

## Timeline and latest news

- Sep 24, 2026 · Bought Row Zero, a cloud spreadsheet startup. · [TechCrunch](https://techcrunch.com/2026/09/24/databricks-buys-row-zero-and-is-scouting-for-more-startups-to-acquire/)
- Aug 13, 2026 · Closed a $5B round at a $190B valuation, led by Coatue. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- Aug 13, 2026 · Said its revenue run rate passed $7B, up more than 80% year over year. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)
- Jul 23, 2026 · Extended its partnership with Microsoft into the 2030s. · [Databricks](https://www.databricks.com/company/newsroom/press-releases/databricks-and-microsoft-expand-partnership-help-enterprises-bring)
- Jun 2026 · Launched Lakehouse//RT and LTAP, according to Sacra. · [Sacra](https://sacra.com/c/databricks/)
- Mar 11, 2026 · Poulin Holdings sued it for patent infringement in Texas. · [Texas City Today](https://nationaltoday.com/us/tx/texas-city/news/2026/03/11/databricks-sued-over-ai-model-tech-patent-infringement/)
- Feb 9, 2026 · Completed its Series L, raising $5B at a $134B valuation. · [CNBC](https://www.cnbc.com/2026/02/09/databricks-completes-5-billion-funding-round-with-2-billion-in-debt.html)
- Dec 16, 2025 · Announced a Series L of more than $4B at a $134B valuation. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4-8b-revenue-run-rate-growing-55-year-over-year)
- Sep 8, 2025 · Announced a $1B Series K at a valuation above $100B. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4b-revenue-run-rate-exceeding-1b-ai-revenue)
- Aug 19, 2025 · A judge dismissed authors' direct infringement claims over its DBRX model. · [Bloomberg Law](https://news.bloomberglaw.com/litigation/databricks-beats-authors-copyright-claims-over-one-ai-model)
- May 2025 · Bought Neon, the technology behind Lakebase, for about $1B by Sacra's estimate. · [Sacra](https://sacra.com/c/databricks/)
- Dec 2024 · Announced a $10B Series J at a $62B valuation, led by Thrive Capital. · [TechCrunch](https://techcrunch.com/2026/07/17/databricks-hits-188b-valuation-extending-its-run-as-ais-favorite-second-act/)

## Legal matters

Databricks faces a patent suit and an authors' copyright case. No final outcome has been reported in either.

- **Poulin Holdings** (filed March 11, 2026, Eastern District of Texas). It claims Feature Store, MLflow, Unity Catalog and Marketplace infringe two patents. It seeks at least a reasonable royalty, and no ruling or settlement has been reported. · [Texas City Today](https://nationaltoday.com/us/tx/texas-city/news/2026/03/11/databricks-sued-over-ai-model-tech-patent-infringement/)
- **Authors' copyright class action** (Northern District of California). On August 19, 2025 a judge dismissed direct infringement claims over its DBRX model. Claims over MPT, a model from its MosaicML unit, were still pending then. · [Bloomberg Law](https://news.bloomberglaw.com/litigation/databricks-beats-authors-copyright-claims-over-one-ai-model)

## In their own words, and what followed

- [Databricks turned down $20 million to stay focused on cloud](https://realalpha.app/s/databricks-turned-down-20-million-to-stay-focused-on-cloud/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
  > “we have to have an asymmetric bet that we believe in”
  Reported after · In July 2026 Databricks and Microsoft extended their cloud partnership into the 2030s. · [Databricks](https://www.databricks.com/company/newsroom/press-releases/databricks-and-microsoft-expand-partnership-help-enterprises-bring)

- [Databricks pivoted from PLG to enterprise sales and paid innovation](https://realalpha.app/s/databricks-pivoted-from-plg-to-enterprise-sales-and-paid/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
  > “we learned a hard way after two, three years that PLG doesn't really work.”
  Reported after · By August 2026 it said more than 1,000 customers consumed at over a $1 million revenue run rate. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)

- [Compound AI systems can improve specific tasks more efficiently](https://realalpha.app/s/compound-ai-systems-can-improve-specific-tasks-more/) · Ali Ghodsi · The Logan Bartlett Show · Nov 22, 2024
  > “in aggregate, we get more revenue from tiny models.”
  Reported after · In August 2026 it said its revenue run rate passed $7B, growing more than 80% year over year. · [Databricks newsroom](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales)

## What others say about Databricks

- [Salesforce's AI and data line passed $1 billion](https://realalpha.app/s/salesforces-ai-and-data-line-passed-1-billion/) · Marc Benioff · The Logan Bartlett Show · Aug 29, 2025
  > “Databricks and snowflake you know we've been investors in both of those companies”
- [Valuation discipline can make venture firms miss power-law winners](https://realalpha.app/s/valuation-discipline-can-make-venture-firms-miss-power-law/) · Matthew Harris · How I Invest · Oct 26, 2026
  > “like Databricks and Stripe and Ramp, I mean, the companies that end up being”
- [Glean says its context layer cuts token use by 30 to 50 percent](https://realalpha.app/s/glean-says-its-context-layer-cuts-token-use-by-30-to-50/) · Arvind Jain · Knuckle Up with Nakul · Sep 9, 2026
  > “We connect with structured data systems like Databricks and Snowflake.”
- [Local data gaps make AI answers about officials unreliable](https://realalpha.app/s/local-data-gaps-make-ai-answers-about-officials-unreliable/) · Sunil Rajaraman · MTS · Oct 22, 2026
  > “Like Databricks makes our job a lot easier.”
- [AI backlash grows when ordinary people lack ownership](https://realalpha.app/s/ai-backlash-grows-when-ordinary-people-lack-ownership/) · Vlad Tenev · Sources · Oct 13, 2026
  > “So open AI is in there. Databricks. Databricks, exactly.”

## Questions people ask

### Is Databricks a public company? Can I buy Databricks stock?

No. Databricks is private and has no ticker, so its shares aren't sold on any exchange.

### When will Databricks IPO?

It hasn't named a date, and no IPO filing has been reported. In December 2025 it said Series L money would also [provide liquidity for employees](https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4-8b-revenue-run-rate-growing-55-year-over-year).

### Who owns Databricks?

Its founders, staff and investors, including Coatue, Blackstone, MGX, T. Rowe Price, Andreessen Horowitz, Insight Partners, Thrive Capital and NEA. Stakes haven't been disclosed.

### Who is the CEO of Databricks?

[Ali Ghodsi](https://realalpha.app/builders/ali-ghodsi/), a co-founder who has led it since 2016.

### Who founded Databricks?

Ali Ghodsi, Ion Stoica, Matei Zaharia, Patrick Wendell, Reynold Xin, Andy Konwinski and Arsalan Tavakoli-Shiraji, in 2013.

### How much is Databricks worth?

$190B, set when it [closed a $5B round](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales) led by Coatue in August 2026.

### How much revenue does Databricks make?

It said it passed a [$7B yearly run rate](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales) in August 2026, up more than 80% year over year. It also reported positive adjusted free cash flow over the prior 12 months.

### How does Databricks make money?

Customers pay for the compute, storage and data processing they use on its platform, [per Sacra](https://sacra.com/c/databricks/), not for seats or licenses.

### How many customers does Databricks have?

More than 20,000 organizations, including 70% of the Fortune 500, [the company said](https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales) in August 2026.

### Who are Databricks's competitors?

Snowflake, which [Sacra](https://sacra.com/c/databricks/) names as its most direct rival, plus AWS, Microsoft Azure and Google Cloud.

## Every moment from Databricks's people

### Databricks’ Ali Ghodsi Never Wanted to Be CEO. Now He’s Among the Best
Training Data · Sep 17, 2026

- [Great enterprise sellers are aggressive, high-EQ and not technical](https://realalpha.app/s/great-enterprise-sellers-are-aggressive-high-eq-and-not/) · 7 min
- [Hire executives early and be extremely picky to avoid false positives](https://realalpha.app/s/hire-executives-early-and-be-extremely-picky-to-avoid-false/) · 4 min
- [Pick one giant bottleneck and give it years of extreme focus](https://realalpha.app/s/pick-one-giant-bottleneck-and-give-it-years-of-extreme-focus/) · 3 min

### Databricks CEO on Super AGI and Unlocking AI’s Untapped Potential
The Logan Bartlett Show · Nov 22, 2024

- [Compound AI systems can improve specific tasks more efficiently](https://realalpha.app/s/compound-ai-systems-can-improve-specific-tasks-more/) · 7 min
- [Databricks pivoted from PLG to enterprise sales and paid innovation](https://realalpha.app/s/databricks-pivoted-from-plg-to-enterprise-sales-and-paid/) · 6 min
- [Test executive candidates by having them do the job](https://realalpha.app/s/test-executive-candidates-by-having-them-do-the-job/) · 5 min
- [Databricks customers use AI more to read than to write](https://realalpha.app/s/databricks-customers-use-ai-more-to-read-than-to-write/) · 3 min
- [Databricks turned down $20 million to stay focused on cloud](https://realalpha.app/s/databricks-turned-down-20-million-to-stay-focused-on-cloud/) · 3 min
- [Databricks moved engineering pay to the market's 90th percentile](https://realalpha.app/s/databricks-moved-engineering-pay-to-the-markets-90th/) · 3 min
- [New products need startup-like autonomy inside a large company](https://realalpha.app/s/new-products-need-startup-like-autonomy-inside-a-large/) · 4 min
- [A struggling executive may thrive in a different role](https://realalpha.app/s/a-struggling-executive-may-thrive-in-a-different-role/) · 3 min

## People on Real Alpha

- [Ali Ghodsi](https://realalpha.app/builders/ali-ghodsi/), Co-founder & CEO, Databricks
- [Matei Zaharia](https://realalpha.app/builders/matei-zaharia/), Co-founder & CTO, Databricks

## How this page is sourced

Each figure links to the filing, company statement or news report it came from, with its date. Run rates are what reporters were told, not audited results; estimates and unconfirmed reports are marked. Quotes are what each person said on the record, with the minute they said it.