Databricks raises an additional $1.8 billion in debt as it prepares for an IPO, underscoring growing momentum around one of Silicon Valley’s most closely watched private companies.
Data analytics powerhouse Databricks has secured $1.8 billion in new debt financing, according to a person familiar with the matter. With this latest raise, the company now has access to more than $7 billion in total debt. Databricks declined to comment on the details of the transaction.
The financing comes as Databricks joins the ranks of elite technology firms widely seen as ready for public listings in 2026. Other high-profile private companies expected to test public markets include Anthropic, Canva, OpenAI, and Stripe. Databricks co-founder and CEO Ali Ghodsi told CNBC in December that the company has not ruled out launching an initial public offering as early as this year.
Investor appetite for Databricks has already been evident. In December, the company announced it was raising more than $4 billion in funding at a valuation of $134 billion. At the time, Databricks said it was generating $4.8 billion in annualized revenue, with growth exceeding 55% year over year. The company also reported positive free cash flow over the past year, a key milestone for a firm of its scale.
Profitability metrics have strengthened as well. Databricks disclosed that its subscription gross margin topped 80% in fiscal 2025, according to figures shared during a June investor briefing.
Founded in 2013, Databricks has steadily climbed the private-market rankings and secured the No. 3 spot on CNBC’s 2025 Disruptor 50 list, highlighting its influence in the fast-evolving data and artificial intelligence ecosystem.
The financing details were first reported by Bloomberg, adding to growing speculation that Databricks is laying the groundwork for one of the most significant tech IPOs in recent years.