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Databricks confirms new $100B valuation on $4B ARR
Just months after raising a whopping $10 billion, Databricks has confirmed another $1 billion raise at a $100 billion valuation.
“A year ago, we saw in the data that 30% of the databases were not created by humans,” said Ghodsi. The round was co-led by Thrive (Ghodsi counts Thrive’s founder Jared Kushner as a personal friend) and one of Databricks’ early investors, Insight Partners. Insight Partners Managing Director John Wolff tells TechCrunch in an emailed statement that it has seen first-hand how Databricks marched to $4 billion in annual recurring revenue.
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