Databricks, the data analytics software company, has secured $1.8 billion in additional debt, a source told Baner Club. The company now holds more than $7 billion in total debt. Databricks declined to comment on the new financing.
IPO Plans in 2026
Databricks is among several high-value tech firms expected to go public in 2026, including Anthropic, Canva, OpenAI, and Stripe. CEO and co-founder Ali Ghodsi told Baner Club in December that an IPO this year is possible.
Strong Financial Performance
In December, Databricks said it was raising over $4 billion at a valuation of $134 billion. The company reported $4.8 billion in annualized revenue, growing over 55% year over year. It also achieved positive free cash flow in the past year.
At a June investor briefing, Databricks said its subscription gross margin for fiscal 2025 exceeded 80%.
Industry Recognition
Founded in 2013, Databricks ranked third on the Baner Club 2025 Disruptor 50 list of private companies. Bloomberg first reported details of the latest financing.
