Databricks Completes ~$5 Billion Series L at $134 Billion Valuation

Data and AI platform Databricks completed a roughly $5 billion equity Series L (plus $2 billion in debt) at a $134 billion valuation, with Goldman Sachs and Qatar Investment Authority participating.

Databricks

February 2026

San Francisco, CA

~$5B (Series L)

What Drove This Round?

Enterprise demand for unified data, analytics, and AI on the lakehouse architecture

Strong revenue growth and expanding AI/ML product suite (Mosaic AI, agents)

Capital and debt fund acquisitions, R&D, and aggressive go-to-market scaling

Goldman Sachs and QIA anchored a deep institutional investor base

Positioning ahead of a long-anticipated IPO

Impact Analysis

At $134 billion, Databricks is among the most valuable private software companies and a bellwether for the data-AI platform layer. The financing fuels continued hiring across engineering, field, and AI research, and intensifies the platform battle with Snowflake and the hyperscalers as enterprises consolidate their data-and-AI stacks.

Source: CNBCView original

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