Databricks Valued at Over $100 Billion in Latest Funding Round, Joining Elite Club of Private Tech Giants

Databricks has joined an elite group of private companies, announcing a new funding round that values the data analytics software firm at over $100 billion. This makes it the fourth private company to surpass the $100 billion mark, joining SpaceX, ByteDance, and OpenAI, according to data from CB Insights. Databricks CEO Ali Ghodsi told CNBC’s Brian Sullivan that the round will exceed $1 billion in capital raised. The company’s last valuation stood at $62 billion following a $10 billion funding round late last year. In June, Databricks executives shared internal projections indicating the company was on track to reach $3.7 billion in annualized revenue by July, with a 50% year-over-year growth rate. For context, Snowflake, one of Databricks’ primary competitors, is expected to generate $4.5 billion in revenue for its fiscal year ending in January, reflecting a 25% annual growth rate, according to LSEG. Snowflake currently holds a market capitalization of approximately $65 billion. Databricks also competes with cloud giants Amazon and Microsoft, both of which are key partners in its ecosystem. Ghodsi noted that interest from investors surged after Figma’s recent IPO, where shares more than tripled on their debut, closing at $115.50. Although the stock has since retreated to around $70, it remains more than double its $33 IPO price. “My phone was blowing up,” Ghodsi said. “So yes, there's definitely been a big push from outside.” The new funding will support Databricks’ expansion into AI-driven product development, enabling clients to more effectively leverage artificial intelligence models within their data workflows. The company, founded in 2013 and headquartered in San Francisco, ranked third on CNBC’s 2025 Disruptor 50 list. As of June, Databricks employed 8,000 people. The round includes participation from existing investors such as Andreessen Horowitz, Insight Partners, Thrive Capital, and WCM Investment Management.