Stack L5
Databricks
Lakehouse leader at $4B run rate, buying its way into agent infra via Neon and Tecton
HQ US
Fit Score
avg of 4 segmentsRecent Business Signals
Funding & valuation history
Feb 9, 2026 · funding-research
Databricks announced an additional $2 billion in debt capacity spearheaded by JPMorgan Chase, with participation from Goldman Sachs, Morgan Stanley, Neuberger Berman, and the Qatar Investment Authority.
Feb 9, 2026 · funding-research
Databricks closed its Series L round with $5 billion in equity and $2 billion in new debt at a $134 billion valuation, with the debt tranche led by J.P. Morgan alongside Goldman Sachs, Morgan Stanley, Neuberger Berman, and Qatar Investment Authority.
Dec 16, 2025 · funding-research
Databricks closed its Series L round raising over $4 billion at a $134 billion valuation, co-led by Insight Partners, Fidelity Management & Research, and J.P. Morgan Asset Management.
Dec 16, 2025 · funding-research
Databricks announced a Series L round raising over $4 billion at a $134 billion valuation, led by Insight Partners, Fidelity Management & Research, and J.P. Morgan Asset Management.
Sep 16, 2025 · ai_synthesis_sdk
Databricks announced a Series K financing at a valuation above $100 billion, raising more than $1 billion with Thrive Capital leading, and cited an annualized revenue run rate surpassing $4 billion growing roughly 50% year over year. The raise underscored continued investor demand tied to enterprise AI platform adoption.
Aug 19, 2025 · funding-research
Databricks signed a Series K term sheet with existing investors at a valuation exceeding $100 billion.
Aug 19, 2025 · funding-research
Databricks signed a Series K term sheet with existing investors at a valuation above $100 billion.
Jul 22, 2025 · ai_synthesis_sdk
Databricks announced an agreement to acquire Tecton, the real-time AI feature and serving platform founded by members of Uber's Michelangelo team, to strengthen real-time data delivery for production AI agents. The acquisition deepened Databricks' enterprise AI/agent infrastructure stack.
May 14, 2025 · ai_synthesis_sdk
Databricks announced it agreed to acquire serverless Postgres company Neon for approximately $1 billion to give developers and AI agents an instantly provisioned transactional database. The deal targeted the growing demand for databases that can be spun up programmatically by AI agents.
Dec 17, 2024 · funding-research
Databricks raised $10 billion in a Series J round at a $62 billion valuation, led by Thrive Capital and co-led by Andreessen Horowitz, DST Global, GIC, Insight Partners, and WCM.
Strategic Position
What they do best
End-to-end governed enterprise AI on owned data: Agent Bricks (signal e5f7c83d) plus Unity Catalog controls turn lakehouse data into production agents.
Their bet
That enterprises will run transactional AI-agent workloads on the same platform as analytics — hence the Neon ($1B) and Tecton (signal ee04cae7) buys building Lakebase OLTP.
Top risk
Lakebase/Neon OLTP entry is unproven against Postgres incumbents; if AI-product run rate doesn't materially exceed $1B at the next disclosure, the transactional-DB bet looks premature.
Compared to peers
Direct competitor
Snowflake
Databricks owns model train+serve (Mosaic AI, foundation-model research hiring); Snowflake layers governance on a closed data cloud and lacks an owned OLTP/agent stack.
Substitute
Snowflake
For analytics-only buyers, Snowflake's managed LLM/governance substitutes without requiring Databricks' Lakebase/Tecton agent-infrastructure commitment.
Why someone would join
- 1.AI-product run rate crossed $1B and total run rate hit ~$4B growing ~50% YoY (signal ffa180fc, Sep 2025) — monetization, not just hype, funds the roadmap.
- 2.Two enterprise-AI-adoption roles open in 2026 (Mar/Apr) plus a Foundation Models research scientist (May 2026) signal active expansion of the Mosaic AI serving and agent stack post-Neon/Tecton.
Recent Hiring (60 days)
- large language models1
- model pre-training1
- fine-tuning1
Reverse-Hype Watch
- !Lakebase (managed Postgres OLTP, launched 2025-06-11 on Neon tech acquired 2025-05-14) announced, but none of the 5 sampled talent_signals_90d are serverless-Postgres/OLTP engineering roles — launch specialty not matched by observed hires (sample-limited).
- !Lakebase, a fully managed Postgres-based operational database (launched 2025-06-11) and Neon serverless Postgres acquisition (2025-05-14) have no matching database/Postgres engineering hire in the talent_signals_90d sample (only Mosaic AI, governance, research, GTM roles)