Databricks announces more than $4 billion Series L
The December 2025 financing valued the data and AI company at $134 billion.
Databricks announced on December 16, 2025, that it was raising more than $4 billion in a Series L financing at a $134 billion valuation. Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management led the round.
The company planned to invest in Agent Bricks, Lakebase and Databricks Apps, while supporting AI research, potential acquisitions and employee liquidity. Databricks provides a unified platform for organizations building data and AI applications.
Participants also included funds and accounts managed by BlackRock, funds managed by Blackstone, and accounts advised by T. Rowe Price Associates.
Use of funds
Agent Bricks, Lakebase and Databricks Apps development
Employee liquidity
AI research and potential acquisitions