Databricks Inc., the San Francisco-based AI and data software company, announced it has closed a $1 billion funding round, valuing the startup at more than $100 billion. The raise was co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management, according to a company statement.
- Databricks provides software that helps companies analyze complex data and build AI applications.
- The firm is projected to generate $4.3B in product revenue for the fiscal year ending January 2026.
- The company plans to use new capital to expand into transactional databases, a new growth category unveiled in June.
- Databricks’ latest valuation marks a sharp increase from $62B in late 2024, when it raised $10B.
- House Speaker Emerita Nancy Pelosi disclosed an investment of between $1M and $5M in Databricks in March 2024 through Forge Investments.
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Editor’s Note: This is a developing story. This article may be updated as more details become available.
