Databricks Secures $1.8 Billion Debt Financing

Databricks secured $1.8 billion in new debt financing led by J.P. Morgan, raising its total borrowings to about $7.05 billion as reported late Thursday. The move follows a $4 billion Series L equity round that valued the company at $134 billion and signals preparations for a possible 2026 IPO while supporting acquisitions, buybacks, and expansion amid rising AI-driven revenue.