Databricks is experiencing a phase of strong expansion in the enterprise software sector. The platform specializing in data and AI has announced that it has reached a $5.4 billion annual revenue run rate, marking a 65% growth compared to the previous year.

Investments and Valuation

This growth rate, in a period of general slowdown in the sector, is considered a remarkable achievement for a private company. Investors continue to support Databricks, bringing the total capital raised to over $7 billion. The latest funding round valued the company at $134 billion.

Market Context

Databricks' growth highlights the increasing importance of data and AI platforms for businesses. The ability to manage and process large volumes of data, combined with the integration of artificial intelligence tools, has become a critical factor for competitive success. For those evaluating on-premise deployments, there are trade-offs that AI-RADAR analyzes in detail at /llm-onpremise.