Databricks Secures $17.1 Million in Series K Funding at Over $100 Billion Valuation
TL;DR
Databricks' $100 billion valuation and $1 billion AI revenue provide investors with significant competitive advantage in the rapidly expanding enterprise AI market.
Databricks secured $17 million in Series funding and expanded partnerships with Microsoft and Google Cloud to integrate Azure Databricks and Gemini models into its platform.
Databricks helps over 20,000 organizations worldwide leverage AI to improve data management and decision-making for better business outcomes and technological advancement.
Databricks, founded by creators of Apache Spark and MLflow, now generates over $4 billion in revenue while pioneering AI products like Agent Bricks.
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Databricks has completed a $17,142,000 membership-interest offering in its Series K funding round, arranged by Buttonwood Group Advisors LLC with Joseph Gunnar & Co., LLC serving as exclusive placement agent. The funding comes as the company signs a Series K term sheet valuing it at more than $100 billion, positioning Databricks among the most valuable private technology companies globally. This substantial valuation reflects Databricks unprecedented growth trajectory, which includes surpassing a $4 billion revenue run-rate with AI products contributing over $1 billion of that total.
This momentum underscores the company's successful transition into artificial intelligence services and products, including Agent Bricks and Lakebase platforms that have gained significant market traction. Databricks has expanded multi-year partnerships with major cloud providers, embedding Azure Databricks and Google's Gemini models into its ecosystem. These strategic alliances strengthen the company's position in the competitive enterprise AI landscape while addressing potential risks associated with cloud-provider dependencies.
The company's Data Intelligence Platform serves more than 20,000 organizations worldwide, including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500. Founded by the original creators of Lakehouse, Apache Spark, Delta Lake, MLflow, and Unity Catalog, Databricks maintains its headquarters in San Francisco with global offices. The company continues to navigate regulatory and privacy requirements while competing in the rapidly evolving AI market. For additional information about the company's offerings and technology platform, visit https://www.databricks.com/.
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This substantial funding round at a record valuation demonstrates investor confidence in Databricks ability to maintain its leadership position in the data and AI sector despite increasing competition and regulatory challenges. The company's continued innovation in AI products and strategic cloud partnerships positions it for sustained growth in the enterprise technology market. The $100 billion-plus valuation places Databricks in an elite category of private technology companies, signaling strong market belief in the long-term potential of enterprise AI platforms. This funding round provides crucial capital for further research and development, market expansion, and competitive positioning as artificial intelligence becomes increasingly central to business operations across industries.
Curated from InvestorBrandNetwork (IBN)
