Catenaa, Tuesday, December 16, 2025- Databricks is raising over $4 billion in a new funding round that values the private software firm at $134 billion.
The new financing is being led by Insight Partners, Fidelity Management & Research and JP Morgan Asset Management, with participation from Andreessen Horowitz, it said in a statement Tuesday.
The funding round also included funds from BlackRock and Blackstone, a sign that some of the largest money managers are getting more active in private company investments.
Databricks is one of the larger players in the area of data software and seeks to compete with public firms such as Oracle and Snowflake.
The startup had raised $1 billion at a $100 billion valuation just a few months ago. The fact that it’s securing yet around round at a significantly higher valuation underscores the persistently strong appetite among investors for bets on artificial intelligence.
Unlike other large AI firms, like OpenAI and Anthropic, Databricks doesn’t build chatbots or consumer products.
Instead, it has focused on helping businesses make the most of the rush of features, apps and autonomous agents.
That includes helping clients analyze and build AI apps and services with data from a variety of sources.
The company passed $4.8 billion in revenue run-rate, which is up 55% year over year, it said in the statement.
In September, it had touted a revenue run rate of $4 billion. Earlier investors include venture firms Andreessen Horowitz and Thrive Capital, as well as Abu Dhabi fund MGX and Qatar’s sovereign wealth fund.
