The most recent round of financing, Databricks, was larger than originally planned. The CEO of the company, Ali Ghodsi, stated that the company had only wanted to finance $1 billion, but that, following a report on financing in June, there had been a rapid influx of investors, which had once reached $15 billion.
The company subsequently expanded its distribution. Databricks 13 disclosed a total of $5 billion in financing for the current round, with an increase to $190 billion. The company had previously announced the completion of a new round of financing in July, when it disclosed a valuation of $188.0 billion but did not disclose specific fund-raising amounts.
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According to Ghodsi, the company was busy with its own congress when the report was published and had not given priority to financing. However, after the news came out, a number of investment agencies approached and the company eventually decided to increase its share to accommodate more long-term investors.
The current round of financing was led by Coatue and involved Blackstone, MGX, T. Rowe Price related accounts, and the new investor Sixth Street Growth. The public list shows that the participating institutions are close to two dozen.
Performance growth supports high valuation
According to Databricks, the company currently has an annualized income performance rate of $7 billion, an increase of about 80 per cent over the same period, and has achieved a positive cash flow.
Of this, core cloud data warehouse operations contributed approximately $1.5 billion in annualized income, which continued to increase at a rate of 100 per cent. In terms of AI operations, the agency database Lakebase, launched by the company in June 2025, has an annualized revenue performance rate of $100 million; the AI tool for business analysis is also called strong demand by the company.
Funds will continue to be invested in AI and M & As
Despite cumulative financing of $20 billion over the past 20 months, the company chose to continue raising funds. Ghodsi gave a direct reason: AI burned the money.
He stated that Databricks had signed a multibillion-dollar cloud resource commitment with the three cloud service providers, while maintaining an AI research team of about 100 people. In addition to infrastructure and research and development, companies are also continuing to promote M&As.
This week, Databricks announced the acquisition of the development company Electrich of the light-weight Postgres database, which was undisclosed. Prior to this, the company also acquired AI Cybersecurity Panther in June and completed two initials in March.
On the issue of listing or not, Ghodsi continues to indicate that the company wants IPO in the future, but the focus remains on continuing to add AI investments. For a company that can attract $15 billion in interest in a short period of time, there is clearly room to remain in the first-tier market.