Databricks Poised to Secure $9.5 Billion in Record-Setting Funding Round

The data analytics firm is nearing a $60 billion valuation as investors back its AI-driven growth and employee stock buyback initiative.

Databricks is finalizing a venture capital funding round of over $9.5 billion, potentially one of the largest in history, with the final amount expected to be confirmed next week.
The funding round, led by Thrive Capital and supported by Andreessen Horowitz, Insight Partners, and GIC, values the company at over $60 billion.
In addition to equity financing, Databricks is reportedly negotiating $4.5 billion in debt funding, including a $2.5 billion term loan from direct lenders.
A portion of the funds will be used to buy back expiring employee stock options and cover associated tax costs, a move similar to Stripe's recent funding strategy.
Databricks continues to benefit from the AI boom, with its tools enabling clients to build and deploy AI applications, positioning it as a major competitor to Snowflake, which has a $56 billion market cap.