BREAKING: Databricks, the leading Data and AI company, has just reported a significant milestone, surpassing a $4 billion revenue run-rate during the second quarter of 2025. The company has also achieved a remarkable $1 billion revenue run-rate for its AI products, reflecting a growth of over 50% year over year. This news comes as Databricks closes its Series K funding round, raising an impressive $1 billion in capital and valuing the company at over $100 billion.
The funding round, co-led by prominent investors including Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management, will accelerate Databricks’ AI strategy. The company aims to expand its Agent Bricks product and launch the new Lakebase category, fueling global growth and innovation.
“We are building the data and AI infrastructure that enterprises will rely on for decades,” said Ali Ghodsi, Co-Founder and CEO of Databricks. With this new funding, Ghodsi emphasized the company’s commitment to helping customers across all industries turn their data into production-ready AI agents.
Databricks’ positive momentum is evident as the company maintains a net retention rate exceeding 140% and serves over 650 customers generating more than $1 million in annual revenue. Additionally, the company has achieved positive free cash flow in the last 12 months, showcasing its robust financial health.
The Series K investment will support further advancements in AI research and potentially lead to future acquisitions in the AI space. Databricks recently unveiled Agent Bricks at the June Data + AI Summit, which allows businesses to create high-quality AI agents optimized for their specific datasets. The introduction of Lakebase, an operational database category designed for AI agents, marks a significant step forward in the company’s AI offerings.
Databricks has also been expanding its partnerships with major tech giants, including Microsoft, Google Cloud, Anthropic, SAP, and Palantir, enhancing its competitive edge in the rapidly evolving AI landscape. As part of its growth strategy, Databricks has secured new office leases in San Francisco and Sunnyvale to attract top AI talent, positioning itself as a frontrunner in the field.
The Databricks Data Intelligence Platform democratizes access to data and AI, enabling organizations to leverage their data for analytics and AI applications. With over 20,000 organizations worldwide relying on its platform—including major players like Block, Comcast, Condé Nast, Rivian, and Shell—Databricks is at the forefront of the data-driven revolution.
As Databricks continues to innovate and expand, the tech community and investors alike will be watching closely for the impact of its new funding and product launches. For real-time updates, follow Databricks on social media platforms like X, LinkedIn, and Facebook.
This is a developing story, and further updates will be provided as more information becomes available.
