tech
February 10, 2026
Databricks Hits $5.4B Revenue Run Rate and Banks a $134B Valuation
Databricks is having one of those years that most enterprise software companies would quietly envy. The data and AI platform says it has reached a $5.4bn annual revenue run rate, growing 65% year over year, at a time when growth across the sector has cooled noticeably.
TL;DR
- Databricks achieved a $5.4 billion annual revenue run rate, with 65% year-over-year growth.
- The company's valuation is now $134 billion after raising over $7 billion in total capital.
- AI-related products account for approximately $1.4 billion of the revenue run rate.
- Customers are increasingly opting for unified platforms that combine data analytics and AI capabilities.
- New products like Genie (natural language data querying) and Lakebase (AI-driven operational database) aim to simplify data access and AI application development.
- Databricks' growth indicates businesses are actively investing in data preparation and AI implementation.
- The company is investing in Lakebase for AI agent databases and Genie for employee data interaction.
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