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Databricks raised $1.8B in new debt as it positions for a potential 2026 IPO, following strong revenue growth and a $134B valuation.
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00:00It's Benzinga bringing Wall Street to Main Street.
00:02Datebricks raised $1.8 billion in new debt, bringing its total available debt to more
00:07than $7 billion, according to CNBC. The company declined to comment to CNBC.
00:13Datebricks is considered one of several highly valued technology companies preparing for a
00:18potential public offering in 2026, alongside Anthropic, Canva, OpenAI, and Stripe.
00:24Co-founder and Chief Executive Officer Ollie Godsey told CNBC in December that an initial
00:30public offering this year remained possible. In December, Datebricks raised more than $4
00:35billion at a $134 billion valuation. The company reported $4.8 billion in annualized revenue,
00:43growth above 55% year-over-year, positive free cash flow, and subscription gross margins above
00:4980% in fiscal 2025. For all things money, visit Benzinga.com.
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