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Databricks Seeks $5 Billion, Boosts Growth Forecast to 55%

12/1/2025

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Summary

Story summary

Databricks is negotiating to raise about $5 billion at a $134 billion valuation.
The deal values the company at roughly 32 times its expected sales of $4.1 billion for the year.
Databricks now expects 55% growth after revising its projections upward.
Gross margin fell to 74% due to increased usage of AI products.
Founded in 2013, Databricks serves over 20,000 customers, including Block, Shell, and Rivian.

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Story summary

Databricks is negotiating to raise about $5 billion at a $134 billion valuation.
The deal values the company at roughly 32 times its expected sales of $4.1 billion for the year.
Databricks now expects 55% growth after revising its projections upward.
Gross margin fell to 74% due to increased usage of AI products.
Founded in 2013, Databricks serves over 20,000 customers, including Block, Shell, and Rivian.