Databricks announced on the 23rd that it has finalized its Series J fundraising.
This investment included existing investor Qatar Investment Authority (QIA), along with new investors Temasek and institutions managed by Macquarie Capital, valuing Databricks at $62 billion (approximately 89.2 trillion won). Additionally, Meta joined as a new strategic investor, drawing attention. Databricks plans to accelerate the development of new artificial intelligence (AI) products, mergers and acquisitions, and expansion into global markets based on the funds raised this time. Furthermore, it plans to provide liquidity to current and former employees and utilize the funds for related tax payments.
After securing an investment of $10 billion (approximately 14.3 trillion won) from global investors, Databricks signed a $5.25 billion credit facility agreement led by JPMorgan Chase, Barclays, Citi, Goldman Sachs, and Morgan Stanley, with participation from major financial institutions and alternative asset managers. The agreement includes an unused credit line of $2.5 billion and a term loan of $2.75 billion.
Databricks' data intelligence platform supports corporations in easily leveraging data analytics, machine learning, and agentic AI applications by popularizing data and AI. It is also built on open data formats and standards, helping to more accurately manage costs and risks.
Ali Ghodsi, co-founder and CEO of Databricks, said, "This investment round has been successfully concluded amid a surge of interest from existing and new investors and strategic partners who trust Databricks' vision and market influence. They are focused on Databricks' long-term growth potential and rapidly expanding customer base." He added, "Corporations recognize the exceptional potential of generative AI and are concentrating on modernizing their data and AI infrastructure. Data intelligence will play a critical role in realizing this potential and helping corporations achieve their business goals."