Key Takeaways
- Thrive Capital raised $1.0B (Growth) from Andreessen Horowitz (a16z), Insight Partners, Thrive Capital.
- Sector: Artificial Intelligence (AI).
- Geography: United States.
Analysis
Databricks, a forerunner in data and AI, announced on September 8, 2025, that it has achieved a landmark $4 billion revenue run-rate during Q2, marking a growth rate of over 50% year over year. Additionally, the company's AI products have crossed a $1 billion revenue run-rate. Databricks has also maintained positive free cash flow over the past year.
As part of this announcement, Databricks is closing its Series K funding round, raising $1 billion of capital and valuing the company at over $100 billion. This investment round is co-led by Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management.
The new capital will be utilized to accelerate Databricks' AI strategy, which includes expanding Agent Bricks, launching the new Lakebase category, and facilitating global growth. Introduced at the June Data + AI Summit, Agent Bricks is a product that builds high-quality, production AI agents optimized on enterprise data, while Lakebase is a new category of operational databases (OLTP) built on open source Postgres and optimized for AI agents. The investment will also support future AI acquisitions and deepen AI research.
Databricks' recent surge in capital comes in the backdrop of consistent growth and expansion. In the two prior quarters, the company has launched or expanded partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. This year, the company has also signed new office leases in San Francisco and Sunnyvale to attract top AI talent.
The Databricks Data Intelligence Platform democratizes access to data and AI, simplifying the process for organizations to utilize their data for analytics and AI apps and agents. Built on an open source foundation, the platform enables organizations to drive innovation, increase revenue, lower costs, and reduce risk.
Databricks is the Data and AI company trusted by over 20,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — to manage their data and harness it with AI. Databricks is headquartered in San Francisco, with offices around the globe, and is the brainchild of the original creators of Lakehouse, Apache Spark™, Delta Lake, MLflow, and Unity Catalog.