Overview

• The Wall Street Journal, cited by PYMNTS, reports Databricks is finalizing a private financing that would value the company at about $100 billion.
• Thrive Capital is expected to co-lead the round with participation from Andreessen Horowitz, according to the report.
• CEO Ali Ghodsi has indicated the fresh capital would support AI hiring and allow the company to delay an IPO.
• Databricks was valued at roughly $62 billion after a large raise earlier this year.
• The company expects its Databricks SQL business to reach a $1 billion annualized run rate by January 2026, up from $600 million in December 2024.