Databricks, a data analytics and machine learning software platform, closed a Series I round of $500M in September 2023 at a $43B post-money valuation, up $5B from its $38B valuation in August 2021. The company disclosed a Q2 2023 revenue run rate exceeding $1.5B ARR, with over 10,000 customers globally and 300+ customers generating $1M+ annual recurring revenue each. The round drew institutional and strategic investors including T. Rowe Price, Morgan Stanley, Fidelity, Nvidia, and Andreessen Horowitz, and the company claimed the strongest quarterly incremental revenue growth in its history. This signals sustained enterprise demand for AI/ML data infrastructure at scale and a willingness among institutional capital to support late-stage AI infrastructure vendors on the basis of demonstrated ARR and customer retention metrics.
385 other tracked developments touching the same claims.