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Databricks announces over $7 billion in investment in the company
SAN FRANCISCO, February 9, 2026 /PRNewswire/ — Data bricksthe data and AI company, today announced that it surpassed $5.4 billion in revenue, generating more than 65% year-over-year growth during its fourth quarter. Building on this momentum, Databricks is finalizing investments in the company of more than $7 billion, including approximately $5 billion in equity financing at a valuation of $134 billion and approximately $2 billion in additional debt capacity. With this new financing, the company will accelerate Base of the lake, its serverless Postgres database designed for AI agents, and Geniusits conversational AI assistant that allows any employee to chat with its data.
This financing attracted strong participation from new and returning investors. JPMorganChase has expanded its investment in the company through the new Strategic Investment Group of its Security and Resilience Initiative. In addition to the previously announced participants in the Series L round, the additional closing also included Glade Brook Capital, Growth Equity at Goldman Sachs Alternatives, Microsoft, Morgan Stanley, funds affiliated with Neuberger, Qatar Investment Authority (QIA), funds associated with UBS and others. The credit facilities were led by JPMorgan Chase Bank, NA alongside Barclays, Citi, Goldman Sachs and Morgan Stanley, with participation from other leading financial institutions and alternative asset managers.
Financial dynamics
This investment follows the continued strong momentum of Databricks’ activity in the fourth quarter:
- Revenue exceeding $5.4 billion, with >65% year-over-year growth.
- Deliver positive free cash flow over the last 12 months.
- Crossing $1.4 billion in revenue for its AI products.
- Maintain a net retention rate > 140%.
- >800 customers consuming over $1 million in annual revenue.
- >70 clients consuming over $10 million in annual revenue.
“We are seeing significant investor interest in our next chapter as we move into two new markets,” said Ali Ghodsi, co-founder and CEO of Databricks. “With this new capital, we will double down on Lakebase so that developers can create operational databases designed for AI agents. At the same time, we’re investing in Genie to empower every employee to engage with their data, generating accurate, actionable insights.
“Databricks is a generational company that has become the backbone of enterprise data and AI, helping organizations in critical industries seize opportunities and overcome challenges,” said Todd Combs, strategic investment group leader for JPMorganChase’s Security and Resilience Initiative. “This initial investment reflects the strength of Databricks’ secure platform and continues to support its innovative production-scale applications that serve customers around the world.
Building the future of data + AI
The company will use the financing to move forward Base of the lakea serverless Postgres database built for the AI era that helps customers build AI data and applications faster on a unified platform. Databricks will also increase its investments in Geniusits conversational AI assistant, which extends the natural language capabilities that make data and AI accessible to all levels of the enterprise. The company also plans to use the funds to advance AI research, pursue strategic acquisitions and provide liquidity to employees.
About Databricks
Databricks is the data and AI company. More than 20,000 organizations worldwide – including adidas, AT&T, Bayer, Block, Mastercard, Rivian, Unilever and more than 60% of the Fortune 500 – rely on Databricks to create and scale data and AI applications, analytics and agents. Headquartered in San Francisco with more than 30 offices worldwide, Databricks offers a unified data intelligence platform that includes Agent Bricks, Genie, Lakebase, Lakeflow, Lakehouse and Unity Catalog. To learn more, follow Databricks on LinkedIn, X, YouTubeAnd Instagram.
Contact: Press@databricks.com
SOURCE Databricks
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Source: PR Newswire
