Crossed $7B annualized revenue run-rate in Q2 2026, +80% YoY; adjusted cash-flow positive for the trailing 12 months. CEO Ali Ghodsi says Databricks still intends to IPO eventually but is prioritizing AI investment now given abundant private capital; he called 2026 'a terrible year to go public' given a crowded IPO calendar and floated 2027 as the earliest plausible window. No S-1 filed as of Sept 2026. Series L's $4B headline figure is the announced primary tranche; the Feb 2026 close grew the package to >$7B including a separate debt facility.
| Round | Date | Valuation | Lead |
|---|---|---|---|
| Series J | 2024-12-17 | $62.0B | Co-led by Thrive Capital, Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM Investment Management |
| Series K | 2025-08-19 | $100.0B+61% | Not officially disclosed by Databricks; secondary/aggregator reporting (unconfirmed by tier-1 press) names co-leads Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management |
| Series L | 2026-02-09 | $134.0B+34% | Led by Insight Partners, Fidelity Management & Research Company, and J.P. Morgan Asset Management; a separate $2B debt facility (part of the >$7B total package) was led by JPMorgan Chase Bank, N.A. |
| Strategic round | 2026-08-13 | $190.0B+42% | Coatue (sole lead), with Blackstone, MGX, T. Rowe Price-advised accounts, and Sixth Street Growth participating |
No upcoming rounds currently reported.
| Status | S-1 Not Filed |
|---|---|
| Timing | 2027 (earliest plausible, per CEO) |
| Notes | CEO Ali Ghodsi says Databricks still intends to go public eventually but is prioritizing AI investment now given abundant private capital; called 2026 'a terrible year to go public' given a crowded IPO calendar. |
| Source | CNBC, Aug 2026 |
These are cited news signals only, not a PrePost prediction — year/valuation forecasting is on the roadmap but not live yet.
Transparent, formula-based composite (not machine-learned) of five signals: raise velocity, round acceleration, secondary premium/discount vs. the last primary round, up-round streak, and freshness of the last known mark.