Databricks Announces Massive $10 Billion Equity Financing

In a significant move that underscores the growing importance of data and artificial intelligence, Databricks has successfully raised $10 billion in equity financing. This latest funding round saw participation from Meta Platforms Inc. and the Qatar Investment Authority, showcasing the global interest in Databricks' vision and market impact.

Strategic Partnerships and Credit Facilities

Alongside the equity financing, Databricks also secured a $5.25 billion credit facility, led by JPMorgan Chase with contributions from Barclays, Citi, Goldman Sachs, and Morgan Stanley. This financial backing is a testament to Databricks' robust growth trajectory and the confidence that leading financial institutions have in its future.

CEO Ali Ghodsi on the Funding Round

"We received overwhelming interest in this round from both new and existing investors and strategic partners who believe in our vision and market impact. These partners are focused on the long-term success of Databricks and our rapidly growing customer base," stated Databricks CEO Ali Ghodsi, highlighting the strategic importance of this funding round for the company's future.