Databricks, an industry-leading data and AI company, announced that it has finalized its Series J funding. This investment was participated by existing investor Qatar Investment Authority (QIA), new investor Temasek, and institutions managed by Macquarie Capital, and Databricks was recognized as having a corporate value of USD 62 billion (KRW 89.2 trillion). In addition, Meta joined as a new strategic investor, drawing attention. Databricks plans to use the funds raised this time to accelerate the development of new AI products, M&A, and expansion into global markets. It also plans to provide liquidity to current and former employees and use it to pay related taxes.
Following a $10 billion funding round from global investors, Databricks has entered into a $5.25 billion credit facility led by JPMorgan Chase, Barclays, Citi, Goldman Sachs, and Morgan Stanley, with participation from major financial institutions and alternative asset managers. The facility includes a $2.5 billion unfunded revolver and a $2.75 billion term loan.
“This round of funding has been successful and has been met with strong interest from existing and new investors, as well as strategic partners who believe in Databricks’ vision and market impact. They are focused on Databricks’ long-term growth potential and rapidly expanding customer base,” said Ali Ghodsi, Co-founder and CEO of Databricks. “Enterprises are recognizing the tremendous potential of generative AI and are focused on modernizing their data and AI infrastructure. Data intelligence will play a key role in realizing this potential and helping enterprises achieve their business goals.”
The Databricks Data Intelligence Platform democratizes data and AI, making it easier for businesses to leverage data analytics, machine learning, and agentic AI applications. Built on open data formats and standards, it helps manage costs and risks more accurately. Customers are using the Data Intelligence Platform to achieve transformational results in areas such as early detection of disease and cancer, climate change mitigation, financial fraud detection, accelerated drug development, and reduced time to mental health intervention.
“This follow-on investment is based on our deep confidence in Databricks’ exceptional leadership and strategic position, and we are delighted to further strengthen our partnership with the company,” said Mohammed Saif Al-Sowaidi, CEO of QIA. “QIA is expanding its investment across the AI ecosystem and we are confident that Databricks has established itself as a leading platform for AI infrastructure software.”
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