Databricks has closed a major financing round, bringing its valuation to $134 billion and signaling strong demand for its AI-focused data platform suite, including Lakebase and Genie.

The funding includes roughly $5 billion in equity and about $2 billion in new debt capacity, with the round led by JPMorgan Chase and involvement from Goldman Sachs, Morgan Stanley, Microsoft, Glade Brook Capital, QIA and other major investors.

CEO Ali Ghodsi says the company will double down on Lakebase and Genie to broaden AI capabilities and data access, while investor Todd Combs of JPMorgan Chase underscores the platform’s security and production-scale relevance.

Analysts are divided on a potential Databricks IPO in 2026; some see it as likely while others think staying private could preserve control if valuations stay high.

Disclosures note that funding data can be indicative and not real-time, reflecting standard risk and data accuracy caveats.

CNBC, citing Reuters reporting, notes the fundraising details and valuation, with Reuters later referenced by CNA via CNBC.

This round follows a December announcement that Databricks was raising more than $4 billion at the same $134 billion valuation.

Market context shows tech stocks rallying mid-day as investors await key economic data, creating a supportive backdrop for large tech financings.

Databricks sits in a competitive landscape alongside Snowflake and is viewed as a potential future public listing, hinting at a broader thaw in new-issues markets alongside SpaceX and OpenAI.

Reporting on AI, cloud computing and tech sector movements continues, with the central focus on Databricks’ financing milestone.

Databricks reports revenue run-rate above $5.4 billion, over 65% year-over-year growth in Q4, positive free cash flow, AI revenue of about $1.4 billion, and strong customer metrics including 140%+ net retention and multiple seven-figure customers.

The financing round was led by JPMorgan Chase with participation from Goldman Sachs, Morgan Stanley, Microsoft, Glade Brook, QIA and other investors; credit facilities were arranged with a broad syndicate.