Databricks unprecedented trajectory underpins the recent $17,142,000 membership-interest offering in its Series completed by Buttonwood Group Advisors LLC, for which Joseph Gunnar & Co., LLC served as exclusive placement agent, as the company signs a Series K term sheet valuing it at more than $100 billion to accelerate AI products such as Agent Bricks and Lakebase amid explosive growth that includes surpassing a $4 billion revenue run-rate with AI products contributing over $1 billion, expanding multi-year partnerships with Microsoft and Google Cloud that embed Azure Databricks and Gemini models into its ecosystem, and navigating risks tied to cloud-provider dependencies, regulatory and privacy requirements, and intensifying competition across the enterprise AI landscape.
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About Databricks
Databricks is the Data and AI company. More than 20,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake, MLflow, and Unity Catalog.
For more information on the company, please visit: https://www.databricks.com//
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