Gennaro Cuofano’s Post

It seems like many people are surprised by the news of Databricks' massive funding round and soaring valuation, but I don’t think any of their current customers are shocked by this at all. We first adopted Databricks to solve some very traditional data storage challenges, but we quickly realized it offers so much more. Their platform is incredibly versatile, expanding far beyond what we initially expected. What stands out is how rapidly Databricks has integrated AI solutions into their offerings—making their platform not just useful but increasingly essential for modern data-driven organizations. The addition of AI capabilities has made their platform not only more powerful but also "sticky," meaning once you're in, it's hard to imagine going back. Another thing worth highlighting is their exceptional documentation. As someone who’s worked with numerous tech platforms, I can confidently say that Databricks sets the bar high. Their clear, user-friendly guides make it easy to implement new use cases and quickly get up to speed, whether you're exploring AI, machine learning, or complex data analytics. All in all, Databricks is continually evolving and adding value, and this funding round is just a reflection of the strong demand for what they’re building. Kudos to the team for both the technology and the excellent user experience they’ve created!

TLDR ⏳ PYMNTS Databricks Set to Raise $10B Amid AI Boom ⚡️ Databricks is nearing one of the largest-ever VC funding rounds. ▫️ Raising $10B ($8.6B completed), valuing the company at $62B. ▫️ AI Growth: The Databricks platform helps companies unify data, analytics, and AI. Revenue growth has exceeded 60% year-over-year. ▫️ Industry Context:     - AI investment now accounts for 42% of U.S. VC funding.     - Competitors: OpenAI ($6.5B) and Xai ($6B) raised similar mega rounds. ▫️ Use of Funds: To fuel AI product development, acquisitions, and global expansion. Databricks CEO Ali Ghodsi: “These are still the early days of AI.”

Big Day for Databricks, largest venture round in history! $10B Series J, led by the incredible team at Thrive Capital. The momentum around #data and #AI continues to build, and our latest financial results speak for themselves: 📈 60%+ YoY growth in our most recent quarter 💰 On track to hit $3.0B+ revenue run-rate and free cash flow positive this quarter 🏢 500+ companies now consuming >$1M/year 💡 Databricks SQL revenue run-rate surpasses $600M, growing 150%+ YoY The future of AI and data intelligence is here—and we’re just getting started. Grateful to be on this journey with such an amazing team! #Databricks #AI

Databricks is setting the stage for an exciting 2025! In my coverage as an industry analyst, I get to cover some of the most forward-thinking platforms—Databricks happens to be one of them. Their latest $10B Series J investment, valuing the company at an impressive $62B, reinforces their game-changing role in the data and AI space. This milestone isn’t just about the numbers—it’s about possibilities: 💡 60% YoY growth in Q3 2024 💡 Crossing a $3B revenue run-rate 💡 80%+ gross margins for non-GAAP subscription services 💡 500+ customers generating $1M+ annual run-rate 💡 $600M run-rate for Databricks SQL, with 150%+ YoY growth These achievements highlight how Databricks is empowering their customers to achieve positive ROI for their #data, #analytics, and #AI investments. Ferraro Consulting expects Databricks to continue to build out their full suite of products to support the profitable use of data, analytics, and AI to transform their customers’ digital business objectives. I’m looking forward to see how they augment the work they’ve done on the Mosaic AI Agent Framework to include more agentic capabilities for agent learning, adaptation, interaction, collaboration, and autonomy. Here’s to a groundbreaking year ahead! #Innovation #Databricks #2025 #FerraroConsulting

🚀 Breaking News: Databricks Skyrockets to New Heights! 🚀 We are thrilled to announce a groundbreaking milestone in our journey: ✨ $10B Series J Investment at a $62B Valuation! ✨But that is not all - check out these mind-blowing stats: 📈 60%+ Year-over-Year Growth in our latest quarter 💰 On track to surpass $3.0B+ revenue run-rate 💼 500+ companies investing $1M+ annually with us 🔥 Databricks SQL, our intelligent data warehousing product, now at $600M+ revenue run-rate (up >150% YoY!) And the cherry on top? We are expecting to be free cash flow positive this quarter! 🎉 This incredible achievement would not be possible without our amazing bricksters, loyal customers, and supportive partners. Together, we are revolutionising the world of data and AI. What is your take on this explosive growth in the data industry? Share your thoughts below! 👇 #databricks

$10 billion at a $62B valuation in non-dilutive financing - a (not so) mini-IPO. "Non-dilutive" means ~16% of existing shares are changing hands! That’s how many employee stock grants were set to expire by early 2026. What a ride! For early employees, the downside? Options without an 83(b) election now face a tax bill nearly identical to RSUs - fully taxed as active income. TL;DR: Given a choice, don’t skip the 83(b). P.S. Onward to $100B! It's a $T market.

At it's core Databricks is a company founded by some of the brightest 🤓 data geeks 🤓 in the world. They were, and still are, trying to make Analytics, Big Data & AI easier, cheaper and more accessible for every enterprise. The innovation is incredible, and it's a testament to our founders vision, every employees contribution, and the continued support from our customers that we've been able raise one of the largest private funding rounds ever 💸 Databricks has secured a $10 billion funding round at a $62 billion valuation, led by Thrive Capital, with participation from Andreessen Horowitz, DST Global, GIC, Insight Partners & more! 🚀💪 We also shared some incredible business metrics: 📈 60%+ YoY growth 📈 💰 $3.0B+ revenue run-rate 💰 ➕ Free cash flow positive this QTR ➕ 🚀 >500 companies consuming >$1M/year 🚀 The investment will allow us to continue to innovate and develop new AI products, fund acquisitions & international expansion, all with the goal of helping customers accelerate value from their data. #databricks #dataintelligence #lakehouse #scale #growth #investment #funding #preipo #generativeai #ai #data #genai https://lnkd.in/eB-GSecM

AI is hot and Databricks is a growth 🚀 This is the largest Private fundraising round ever. Databricks is growing over 60% year-over-year in the third quarter ended October 31, 2024 Expecting to cross $3 billion revenue run-rate and be free cash flow positive in the fourth quarter ending January 31, 2025 Continuing to achieve non-GAAP subscription gross margins above 80% Having 500+ customers consuming at over $1 million annual revenue run-rate Achieving $600 million revenue run rate for Databricks SQL, the company’s intelligent data warehousing product, up more than 150% year-over-year https://lnkd.in/ejW7TRag

Databricks just made history. In 2021, it was valued at $38 billion. Today, it’s worth a staggering $62 billion after securing a $10 billion financing round. Let that sink in. The AI and data analytics company didn’t just survive the turbulent tech market—it thrived. Here’s what makes this story powerful: 1. Relentless AI focus: Databricks doubled down on AI when it mattered most. They acquired MosaicML for $1.3 billion, making AI model development accessible to all. 2. Staying founder-led: CEO Ali Ghodsi leadership kept the vision clear and execution sharp. 3. Product-led growth: They didn’t rely on hype—they built products companies couldn’t live without. The lesson? AI isn’t the future—it’s the present. And companies ready to adapt will be the ones leading the next tech revolution. What’s your biggest takeaway from Databricks’ journey? Cc Samuel Bonamigo Yannis Daubin Michael Green

🚀 Huge Milestone for Databricks! 🚀 Databricks has raised $10B in Series J funding at an incredible $62B valuation, led by Thrive Capital. 🌟 This achievement is an impressive testament to Databricks' momentum in driving AI and data transformation globally. 📈 With 60% YoY growth, over 500 customers spending $1M+ annually, and groundbreaking products like Databricks SQL (150%+ YoY growth), Databricks is helping industries worldwide tackle challenges—from combating climate change to accelerating medical breakthroughs. 🌍💡 There’s still so much more to come! #AI #Innovation #Growth #Databricks #DataIntelligence https://lnkd.in/e93q4xpP