Databricks

Databricks provides a cloud platform where companies store, process and analyze data and build AI models and agents on it, an approach it calls the lakehouse. The company grew out of the AMPLab research project at the University of California, Berkeley, which created the open-source Apache Spark engine. It was founded in 2013 by Ali Ghodsi, Andy Konwinski, Ion Stoica, Patrick Wendell, Reynold Xin, Matei Zaharia and Arsalan Tavakoli, and is headquartered in San Francisco. Ghodsi is chief executive.

Andreessen Horowitz led the $13.9 million Series A in 2013. New Enterprise Associates led the $33 million Series B in 2014 and the $60 million Series C in 2016. Andreessen Horowitz led the $140 million Series D in 2017 and the $250 million Series E and $400 million Series F in 2019. Franklin Templeton led a $1 billion Series G in January 2021 at $28 billion, Morgan Stanley led a $1.6 billion Series H in August 2021 at $38 billion, and a $500 million Series I in September 2023, with Capital One Ventures and Nvidia among the backers, valued it at $43 billion. Thrive Capital led a $10 billion Series J in December 2024 at $62 billion. The company announced a $1 billion Series K in September 2025 at over $100 billion, with Andreessen Horowitz, Insight Partners, MGX, Thrive Capital and WCM Investment Management as leads. Insight Partners, Fidelity and J.P. Morgan Asset Management led a Series L in December 2025 at $134 billion. In August 2026, Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led a $5 billion round at $190 billion.

Databricks remains private. At the August 2026 round it said its revenue run rate had passed $7 billion with growth above 80% year over year, after reporting a $6.9 billion run rate in June 2026 and $4 billion in September 2025, when it also cited more than 650 customers paying over $1 million a year and positive free cash flow over the prior twelve months. Ghodsi told CNBC the company intends to go public but sees too much distraction in public markets for now. It has bought companies including MosaicML for $1.4 billion in 2023, Tabular in 2024 and Neon in 2025.

Databricks is a case of a research lab spinout carried by the same early backers across more than a decade of private financing. Andreessen Horowitz led the Series A at $13.9 million and was still a lead in 2025 when the company was valued above $100 billion, while NEA entered at the Series B. Thirteen years after founding, its investors have no public liquidity, and the company has raised a series of multibillion dollar rounds from crossover and public market funds instead of listing.