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Databricks confirms new $100B valuation on $4B ARR

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In Brief Posted:

Just nine months after raising a whopping $10 billion (plus $5 billion in debt) in January, Databricks has confirmed another $1 billion raise at a $100 billion valuation.

When rumors of the raise first broke last month, Databricks CEO Ali Ghodsi told TechCrunch that the company is using the funds to invest in its Supabase-competitor database for AI agents.

“A year ago, we saw in the data that 30% of the databases were not created

The round was co-led

Insight Partners Managing Director John Wolff tells TechCrunch in an emailed statement that it has seen first-hand how Databricks marched to $4 billion in annual recurring revenue.

“We have seen many of our portfolio companies adopt Databricks,” Wolff said. 

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