Databricks Targets Mega Raise Amid Revised Sales Outlook

Benzinga

Databricks is discussing a $5 billion funding round at a $134 billion valuation after sharply raising its 2025 sales outlook to $4.1 billion. The company told investors that strong AI product usage is lifting revenue but lowering gross margins to 74%. Databricks now serves more than 20,000 customers, including Block, Shell, and Rivian.

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00:00It's Benzinga, bringing Wall Street to Main Street.

00:02Databricks is in talks to raise $5 billion in a valuation of $134 billion, according to Reuters.

00:08Investor documents show the company increased its 2025 sales projection multiple times,

00:13now expecting about $4.1 billion, up 55% from last year.

00:18Databricks also told investors its gross margin is falling to 74% because of rising AI product usage.

00:24After 2013, the company provides a platform for data ingestion, analytics, and AI application development.

00:31Databricks serves more than 20,000 customers, including Block, Shell, and Rivian.

00:35For all things money, visit Benzinga.com.

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