Databricks secures 15 billion US dollars in Series-J

With a valuation of 62 billion US dollars, Databricks completes its Series J financing of 10 billion US dollars. In addition, the company secures a $5.25 billion loan package.

San Francisco, January 23, 2025 - Data and AI company Databricks has announced the closing of its $10 billion Series J funding round. In addition, the company secured a $5.25 billion loan package provided by financial institutions including JPMorgan Chase, Barclays, Citi, Goldman Sachs and Morgan Stanley. The total financing of 15 billion US dollars increases the company's value to 62 billion US dollars.

The funding round was led by existing investors such as Qatar Investment Authority (QIA), which is expanding its long-term partnership with Databricks. New investors such as Temasek, Macquarie Capital and Meta are also part of the round. Meta's participation underlines the strategic importance of Databricks in the growing AI landscape.

"We are deepening our commitment to Databricks as we strongly believe in the company's leadership and strategic position in the AI infrastructure software space."

Mohammed Saif Al-Sowaidi, CEO QIA

Investment in AI, expansion and employees

Databricks plans to use the funds for the development of new AI products, strategic acquisitions and the expansion of its international presence. In addition, existing and former employees will benefit from liquidity opportunities. The expansion of the global go-to-market team is also a focus.

"The immense demand for generative AI is driving companies to modernize their data and AI infrastructures. With the Databricks Data Intelligence Platform, we help our customers to exploit this potential and achieve their business goals."

Ali Ghodsi, Co-Founder and CEO of Databricks

About the Databricks Data Intelligence Platform

The Databricks platform is based on open source technologies such as Apache Spark™ and Delta Lake. It enables companies to use data for analytics, machine learning and AI applications. Companies around the world use the platform to drive innovation, reduce costs and minimize risks - whether in cancer research, the fight against climate change or fraud detection in the financial sector. Databricks has more than 10,000 customers worldwide, including over 60% of the Fortune 500. The company was founded by the original developers of Apache Spark™, Delta Lake and MLflow and is headquartered in San Francisco.