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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