Databricks Surpasses $4 Billion Revenue Run-Rate, AI Products Exceed $1 Billion

San Francisco, CA — September 8, 2025 — Databricks, the leading Data and AI company, announced it has surpassed a $4 billion revenue run-rate in Q2, marking over 50% growth year-over-year. The company’s AI product suite has also achieved a $1 billion revenue run-rate, reflecting strong adoption of enterprise AI solutions. It has maintained positive free cash flow over the past 12 months, underscoring robust financial performance.

Databricks

In conjunction with this milestone, Databricks is closing its Series K funding round, raising $1 billion at a valuation exceeding $100 billion. The round is co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management, reflecting continued investor confidence in it’ growth trajectory and market leadership.

Key Performance Highlights:

• Revenue run-rate surpassing $4 billion, with growth exceeding 50% YoY.
• AI products crossing a $1 billion revenue run-rate.
• Sustained positive free cash flow over the last 12 months.
• Net retention rate above 140%.
• Over 650 customers generating more than $1 million in annual revenue each.

The new funding will accelerate Databricks’ AI strategy, including expansion of Agent Bricks, the company’s production-ready AI agent platform optimized for enterprise data, and Lakebase, a new operational database category built on open-source Postgres and tailored for AI workloads. The investment will also support global expansion, AI-focused acquisitions, and advanced research initiatives.

Ali Ghodsi, Co-Founder and CEO of Databricks, stated: “Our teams are building the data and AI infrastructure enterprises will rely on for decades. This new capital enables us to accelerate Agent Bricks deployment, help customers across industries transform their data into production AI agents, and drive innovation with Lakebase, a new AI-optimized database category.”

Databricks has recently strengthened partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir, while expanding offices in San Francisco and Sunnyvale to attract top AI talent. The Databricks Data Intelligence Platform continues to democratize data and AI access, allowing organizations to leverage analytics and AI agents to increase revenue, reduce costs, and mitigate risks.

Headquartered in San Francisco, Databricks serves over 20,000 organizations worldwide, including Block, Comcast, Rivian, and more than 60% of the Fortune 500. Founded by the creators of Lakehouse, Apache Spark™, Delta Lake, MLflow, and Unity Catalog, Databricks continues to lead innovation in the data and AI ecosystem.