Databricks, a Bay Area-based data and AI company, has secured more than $7 billion in new financing, including $5 billion in equity and $2 billion in additional debt capacity.
According to the announcement on Monday, Databricks said the new financing will be used to accelerate development of its products, including Lakebase, a serverless Postgres database that helps companies build AI applications, and Genie, a conversational AI assistant. The company also plans to invest in research and explore potential acquisitions.
The latest funding round included participation from various financial institutions and asset managers, such as JPMorgan Chase, Glade Brook Capital, Goldman Sachs’ Growth Equity division, Microsoft and Morgan Stanley.
Databricks said the funding follows a strong last quarter of 2025, during which the company surpassed a $5.4 billion revenue run rate and achieved 12 months of positive free cash flow.
