Databricks, a San Francisco, CA-based data and AI company, has raised $1 billion in a Series K round at a valuation of over $100 billion.
Investors
The round was co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management.
Andreessen Horowitz (a16z) is a venture capital firm that backs bold entrepreneurs shaping the future through technology. Founded in 2009, the firm manages multiple funds across stages, sectors, and geographies, with over $46 billion in committed capital. a16z invests in seed- to growth-stage companies across AI, bio + healthcare, consumer, crypto, enterprise, fintech, gaming, infrastructure, and companies building toward American dynamism.
Insight Partners is a global software investor that partners with high-growth technology, software, and internet startups and scale-ups, driving transformative change in their industries. With over $90 billion in regulatory assets under management, Insight Partners has invested in more than 800 companies worldwide and has seen over 55 portfolio companies go public. Headquartered in New York City, Insight also has offices in London, Tel Aviv, and the Bay Area.
MGX, as an investor in Databricks, is the MGX Fund Management Limited, a state-owned investment firm based in Abu Dhabi, United Arab Emirates. It was established in 2024 with a strategic focus on investing in artificial intelligence (AI) and advanced technologies.
Thrive Capital is a New York City-based American venture capital firm that focuses on building and investing in software and internet companies. With $23.3 billion in assets under management as of late 2024. The firm invests across various stages, with a particular focus on Series A and growth-stage companies.
WCM Investment Management is an independent investment management firm founded in 1976 and headquartered in Laguna Beach, California. The company is majority-owned by its employees and manages over $114 billion in assets for institutional and individual clients worldwide. WCM invests in a wide range of companies, with a notable presence in sectors like technology, healthcare, and consumer goods.
Databricks Use of Funds
The company will use the funds to accelerate its AI strategy, expand Agent Bricks and Lakebase, support global growth, drive acquisitions, and deepen AI research.
About Databricks
Founded in 2013, Databricks is a data and AI company that provides a unified platform for data, analytics, and artificial intelligence, built on an open lakehouse architecture. The company's main offering is the Databricks data intelligence platform, which allows organizations to manage data, perform analytics, and build and deploy AI and machine learning applications. It unifies data, analytics, and AI on an open-source foundation, enabling enterprises to build production-grade AI applications and agents. Headquartered in San Francisco, California, Databricks serves over 20,000 organizations worldwide, including Block, Comcast, Condé Nast, Rivian, Shell, and over 60% Fortune 500 companies.
Funding Details
Company: Databricks, Inc.
Raised: $1.0B
Round: Series K
Funding Date: September 2025
Lead Investors: Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, WCM Investment Management
Additional Investors:
Company Website: https://databricks.com/
Software Category: Data & AI Infrastructure / Enterprise AI
Source: https://www.databricks.com/company/newsroom/press-releases/databricks-surpasses-4b-revenue-run-rate-exceeding-1b-ai-revenue