Databricks, a leading Data and AI company, announced on September 8, 2025, that it has surpassed a $4 billion revenue run-rate in Q2, with over 50% year-over-year growth, while its AI products crossed a $1 billion revenue run-rate. The company also finalized its Series K funding round, raising $1 billion at a valuation exceeding $100 billion, co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management.
$4B revenue run-rate in Q2, up >50% YoY; AI products hit $1B run-rate.
Raised $1B in Series K, valuing Databricks at over $100B.
Net retention rate >140%; 650+ customers with $1M+ annual spend.
Positive free cash flow achieved over the past 12 months.
Funds to accelerate Agent Bricks, Lakebase, and global expansion.
Partnerships expanded with Microsoft, Google Cloud, Anthropic, SAP, Palantir.
Databricks reported a net retention rate above 140% and over 650 customers with annual spending exceeding $1 million. Achieving positive free cash flow over the past year, the company demonstrates strong financial health. “Our teams are putting up these results by building the data and AI infrastructure enterprises will rely on for decades,” said Ali Ghodsi, Co-Founder and CEO. The $1 billion Series K funding will fuel its AI strategy, including Agent Bricks and the new Lakebase category.
The new capital will support:
Agent Bricks: A platform for high-quality, production-ready AI agents optimized for enterprise data.
Lakebase: A new category of operational databases built on open-source Postgres, tailored for AI agents.
Global Expansion: New office leases in San Francisco and Sunnyvale to attract AI talent.
AI Acquisitions and Research: Deepening innovation in AI-driven data solutions.
Introduced at the June 2025 Data + AI Summit, Agent Bricks and Lakebase aim to redefine enterprise data infrastructure for AI applications.
Databricks’ Data Intelligence Platform, built on an open-source foundation, serves over 20,000 organizations, including Block, Comcast, and Shell. Recent partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir enhance its ecosystem, enabling organizations to leverage data for analytics and AI-driven growth. The platform’s open architecture drives innovation, helping customers increase revenue and reduce costs.
With a valuation over $100 billion and strong financial performance, Databricks is positioned to lead the AI and data infrastructure market. The Series K funding will accelerate its mission to democratize data and AI, supporting enterprises in building scalable, innovative solutions.
For more information, visit www.databricks.com.
Databricks is the Data and AI company, empowering over 20,000 organizations, including 60% of the Fortune 500, with its Data Intelligence Platform. Built on open-source technology, Databricks enables data-driven analytics and AI applications to drive business growth.
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