Databricks raised $4B at a $134B valuation on Dec. 16, 2025, citing strong AI demand and financial growth.

Databricks raised over $4 billion in a new funding round on December 16, 2025, valuing the company at $134 billion. The Series L round was co-led by JP Morgan Asset Management, Insight Partners, and Fidelity, with participation from major investors including BlackRock, Andreessen Horowitz, and Blackstone. The company, which provides a cloud-based platform for data and AI, reported a third-quarter revenue run rate of $4.8 billion, a year-over-year increase of more than 55%, and achieved positive free cash flow over the past 12 months. The funding reflects strong market confidence in AI-driven technologies and their growing impact across industries.