Databricks · The Information · TechCrunch AI
Databricks wanted to raise $1 billion, investors wanted $15 billion
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There’s a funny kind of game that the latest of late-stage startups must play when raising money.
Key facts
- On Thursday, Databricks shared it raised $5 billion from a paragraph worth of VCs that it let in on the deal and that its valuation pushed higher to a nice round $190 billion
- Ghodsi said his company has hit $7 billion of annualized run rate revenue, which is currently growing at 80% and is cash-flow positive
- Its database for agents, Lakebase, launched in June, 2025, and has hit $100 million revenue run rate
- This scenario recently played out with AI big-data company Databricks and its latest $5 billion raise announced Thursday, co-founder and CEO Ali Ghodsi (pictured above) told TechCrunch
Summary
This scenario recently played out with AI big-data company Databricks and its latest $5 billion raise announced Thursday, co-founder and CEO Ali Ghodsi (pictured above) told TechCrunch. “The team wanted to raise $1 billion, but then The Information printed this article saying that Databricks is doing a big fundraise. “As soon as that article went out, there was a long line of investors that started calling. It was an enviable problem that turned the news report into a self-fulfilling prophecy.