Krux
February 10, 2026
Databricks Raises $7B, Now Worth More Than Disney
Published: February 10, 2026 at 12:45 AM
Updated: February 10, 2026 at 12:45 AM
100-word summary
Databricks just secured over $7 billion in fresh capital ($5B equity, $2B debt) at a staggering $134 billion valuation, backed by JPMorgan Chase and other major players. The data analytics giant hit a $5.4 billion revenue run-rate with 65% year-over-year growth in Q4, plus positive free cash flow. The war chest will fuel two big bets: Lakebase, a serverless Postgres database for AI agents, and Genie, a conversational AI assistant for querying company data. With 800+ customers spending over $1M annually and AI revenue at $1.4B, Databricks is positioning itself as the infrastructure backbone for the AI agent era.
What happened
Databricks just secured over $7 billion in fresh capital ($5B equity, $2B debt) at a staggering $134 billion valuation, backed by JPMorgan Chase and other major players. The data analytics giant hit a $5.4 billion revenue run-rate with 65% year-over-year growth in Q4, plus positive free cash flow. The war chest will fuel two big bets: Lakebase, a serverless Postgres database for AI agents, and Genie, a conversational AI assistant for querying company data.
Why it matters
With 800+ customers spending over $1M annually and AI revenue at $1.4B, Databricks is positioning itself as the infrastructure backbone for the AI agent era.