Databricks Raises $7B, Valuation Hits $134B

Databricks announced on Feb. 7 that its valuation more than doubled in 13 months to $134 billion alongside $7 billion in new financing — $5 billion equity and about $2 billion debt capacity. The company said it will invest the capital in Lakebase and Genie and reported a $5.4 billion revenue run-rate, up 65% year-over-year, with $1.4 billion from AI offerings.