Databricks, Inc. — Cyborg Score 9/10

Exceptional
Data & AI Infrastructure Platforms

Strategic Profile

Databricks sells the layer AI actually runs on inside enterprises—data plus ML platform—with 2025–26 numbers showing growth accelerating at $5B+ scale, AI products at a $1.4B run-rate, and 140%+ NRR meaning the installed base alone compounds 40% a year. The company is now larger than rival Snowflake, which reported $1.21 billion in revenue in the October quarter.

Cyborg Score Rationale

Databricks has been free-cash-flow positive over its trailing twelve months as of fiscal Q4 (ended around January 31, 2026)—unusual for an AI-pipeline company growing 65% a year. As of June 2026, Databricks directly reported an annualized revenue run rate of $6.9 billion, up more than 80% year-over-year. The company commands a $134B valuation and is in talks for a $165-175B round.

Top Insights

  • In June 2026, Databricks is in talks to raise a new funding round at a valuation of between $165 billion and $175 billion, a 23–31% jump from the $134 billion valuation six months earlier.
  • The company has 800+ customers above $1M ARR and 70+ above $10M, with net revenue retention over 140%.
  • Databricks is accelerating Lakebase, its serverless Postgres database built for AI agents, and Genie, its conversational AI assistant that lets any employee chat with their data.
  • CEO Ali Ghodsi told Bloomberg Television on June 4, 2026 that 2026 is a 'terrible year to go public,' ruling out a 2026 listing, with a possible IPO as early as 2027.

Named Competitors

  • Snowflake — Cloud data warehousing and analytics platform
  • Dremio — Lakehouse analytics platform with open architecture for data lakes and governed analytics
  • Azure Synapse Analytics — Cloud-native hybrid data and analytics platform for enterprise data engineering and ML
  • Cloudera Data Platform — Enterprise hybrid data platform combining data engineering, analytics, and AI/ML
  • IBM watsonx.data — Enterprise AI-ready data platform with governance and hybrid cloud support

Recent Developments

  • (January 2026) Achieved $5.4 billion annualized revenue run rate, up 65% year over year, signaling potential IPO as early as 2027.
  • (February 2026) Completed investments exceeding $7 billion, including ~$5B of equity financing at a $134 billion valuation and ~$2B of additional debt capacity.
  • (June 2026) In talks to raise a new funding round at a valuation of between $165 billion and $175 billion.

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