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Databricks

Last Updated July 29, 2025

Databricks provides a unified data and AI platform (“lakehouse”) that supports data engineering, analytics, governance, and machine learning. Founded in 2013 by Ali Ghodsi, Andy Konwinski, Ion Stoica, and Scott Shenker, the company is headquartered in San Francisco, California.
Company Overview: Databricks
Databricks provides a unified data and AI platform (“lakehouse”) that supports data engineering, analytics, governance, and machine learning. The platform integrates notebooks, pipelines, and model operations to help teams manage large datasets and build AI applications. Databricks serves enterprises across multiple industries.
Investment Highlights

Valuation & Growth

  • Ranked #3 on 2025 CNBC Disruptor 50 List
  • Completed a massive $10B Series J raise in December 2024, reaching a $62B valuation.
  • Raised an additional $5.25B in debt financing in early 2025.
  • Achieved revenue run rate approaching $3.7B by July 2025.
  • Operating with >80% subscription gross margins and net revenue retention of ~140%.

Funding History

  • Series J (Dec 2024): $10B equity, led by Thrive Capital alongside a16z, GIC, Fidelity, Insight Partners, Meta, and others.
  • Debt financing (Jan 2025): $5.25B from Blackstone, Apollo, Blue Owl, JPMorgan, Citi, Goldman Sachs, and Morgan Stanley.
  • Prior equity rounds include Series I ($500M, Sep 2023), Series H ($1.6B, 2021), Series G ($1B, 2021), and earlier rounds starting in 2013.

Major Investors

  • Thrive Capital, Andreessen Horowitz, Tiger Global, Insight Partners, GIC, Fidelity Investments, Meta Platforms, Cloud infrastructure partners like AWS and Microsoft, and institutional investors including BlackRock, Ontario Teachers’ Pension, and Sands Capital.

Product & Technology Leadership

Core Products

  • Lakehouse Platform: Unified architecture supporting Delta Lake, Spark, SQL Analytics, MLflow, and AI model development lifecycles.
  • MosaicML Integration: Builds and deploys models like DBRX (Databricks’ efficient open-source LLM) and AI agents.
  • AI Tools: Launched Agent Bricks in 2025 for building customized enterprise AI agents.

Enterprise & Open Source Tools

  • Delta Lake: Adds ACID enforcement and reliability to data lakes.
  • MLflow: Streamlines ML lifecycle tracking and operationalization.
  • Open-source stack: Includes Koalas, Tabular, Arcion, and Einblick, enhancing data governance, replication, and observability.
 Market Position & Strategic Advantage

Global Impact & Clients

  • Powers 12,000+ enterprise clients worldwide, including over 500 organizations generating >$1M ARR on the platform.
  • Partners with major cloud providers: Microsoft Azure, AWS, Google Cloud.
  • Recently pledged $250M investment into India and expanded R&D and go-to-market operations there.

Competitive Moats

  • Integrated Lakehouse architecture combines analytics and AI workloads in one environment.
  • Strategic acquisitions (MosaicML, Tabular, Neon) bolster technical differentiation in AI and scalable data infrastructure.
  • Strong enterprise retention metrics and gross margins signal robust long-term customer value.
  • Positioned ahead of Snowflake and Palantir, particularly in unstructured data and AI model enablement.
Financial Opportunity

Market Opportunity

  • Enterprise shift toward data intelligence and AI-first operations; global data and AI platform market projected to exceed hundreds of billions by 2030.
  • Lakehouse adoption accelerating as companies consolidate data warehouses and data lakes.

Growth Drivers

  • Expansion of AI agent tooling (Agent Bricks) and LLM deployment capabilities.
  • Continued international expansion with investments in India and other fast-growing regions.
  • Organic growth via subscription, enterprise licensing, and premium features.

Revenue Streams

  • Subscription revenue from unified platform and AI service usage.
  • Premium fees for AI agent services, LLM hosting, and customized enterprise integrations.
  • Professional services and consulting for large-scale deployments.
Key Stats

Founded: 2013

Total Raised: ~$14B–$19B (equity + debt financing)

Valuation: ~$62B (Series J, Dec 2024)

2023 Revenue: ~$1.6B

Annualized Revenue (by July 2025): ~$3.7B

Net Expansion Rate: ~140%

Customers: 12,000+ enterprises; 500+ customers generating > $1M ARR

Headquarters: San Francisco, CA, USA

How Summit Ventures Works

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  • Network Access: Exposure to opportunities sourced through Summit’s
    relationships.
  • Market-Based Pricing: Valuations informed by current private-market activity.
  • Simplified Process: Streamlined subscription and administrative support.
  • Portfolio Exposure: Participation in select private technology companies.
Risk Disclaimer

Investment in private companies involves substantial risk and is suitable only for sophisticated investors who can bear the loss of their entire investment. Past performance is not indicative of future results.

About Databricks

The Databricks platform integrates storage, compute, and collaborative tooling for building data pipelines, analyzing large datasets, and developing machine learning models. Workflows include ingestion, transformation, feature engineering, and model operations, supported by notebooks, jobs, and governance features designed to standardize access and lineage.

Data preparation capabilities address integration, quality, and transformation steps required to ready data for analysis. For data science teams, the platform supports popular libraries and frameworks to train and evaluate models at scale. Visualization and query tools provide access for analysts and business users to explore data under role-based controls.

Operational features include workload orchestration, monitoring, cost management, and security controls aligned to enterprise requirements. The platform’s lakehouse architecture is designed to consolidate analytics and machine learning on a single system while integrating with external data sources and BI applications.

This profile is based on publicly available information and is provided for informational purposes only. Summit Ventures is not affiliated with Databricks and does not offer or recommend securities; Summit Ventures facilitates introductions through a network of partners.