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Databricks has secured a fresh $1 billion in funding, pushing its valuation beyond $100 billion, the company confirmed this week. The round was co-led by Thrive Capital and Insight Partners, both of which previously co-led Databricks’ $10 billion raise earlier this year.
The San Francisco-based data and AI company reported an annual recurring revenue (ARR) of $4 billion, reflecting more than 50% year-over-year growth. The new capital will be directed toward expanding Databricks’ AI infrastructure, including its proprietary database platform designed for autonomous AI agents.
CEO Ali Ghodsi highlighted the rapid evolution of AI-generated databases, noting that 80% of new databases in 2025 were created by AI agents, up from 30% the previous year. The funding will also support the development of Agent Bricks and Lakebase—Databricks’ latest offerings aimed at optimizing enterprise data for production-grade AI applications.
With over 650 customers generating more than $1 million in annual revenue each, Databricks continues to position itself as a leader in enterprise AI and data analytics. The company has also achieved positive free cash flow and maintains a net retention rate above 140%.
