Enterprise AI platforms
Databricks
The data and AI platform built around Apache Spark, now selling the infrastructure enterprises use to build and govern their own AI applications.
- Founded
- 2013
- Based in
- San Francisco, United States
- Stage
- Late-stage private
- Business model
- Enterprise contracts, Cloud & infrastructure services
- Also in
- Data & model training
- Record
- Needs reviewChecked 24 September 2026
What Databricks does
Databricks was founded in San Francisco in 2013 by Ion Stoica, Andy Konwinski, Reynold Xin and several other creators of Apache Spark, the open-source data-processing engine that began as a UC Berkeley research project. The company built a commercial platform - the "lakehouse" - around Spark that combines data warehousing and data-lake storage, and has expanded aggressively into generative AI tooling: model training, fine-tuning, RAG pipelines and its own MosaicML-derived open models, sold to enterprises that need to build AI applications on top of their own governed data.
Databricks has raised capital at an unusually fast pace through 2026 even for the sector, with its reported valuation roughly tripling within a year.
- Data & analytics platforms
- Developer APIs & tooling
- Large language models
Runs it
- Ion StoicaCo-founder & Executive Chairman
- Andy KonwinskiCo-founder
- Reynold XinCo-founder & Chief Architect
- Ali GhodsiCo-founder & Chief Executive Officer
Databricks
Late-stage private
Funds it
- Thrive Capital
- Andreessen Horowitz
- Insight Partners
What it builds
Databricks Data Intelligence Platform
Unified data lakehouse and AI development platform.
Mosaic AI
Model training, fine-tuning and serving tools, built on technology from Databricks' 2023 acquisition of MosaicML.
Who runs it
Founders
Ion Stoica
Co-founder & Executive Chairman
Co-creator of Apache Spark; UC Berkeley professor.
Andy Konwinski
Co-founder
Also a co-founder of Together AI.
Reynold Xin
Co-founder & Chief Architect
Leadership
Ali Ghodsi
Co-founder & Chief Executive Officer
Who funds it
- Total raised
- $25.2 billion across 16 rounds
- Valuation, as of Aug 2026
- $190 billion as of August 2026, up from $134 billion in February 2026
Rounds on record
Growth round
$5 billion, plus $2 billion in new debt capacity
cnbc.com/2026/02/09/databricks-completes-5-billion-funding-round-with-2-billion-in-debt.html (opens in a new tab)Strategic round
$5 billion
cnbc.com/2026/08/13/databricks-funding-round-190-billion-valuation.html (opens in a new tab)
Investors
- Thrive Capital
- Andreessen Horowitz
- Insight Partners
What it has done
Closes $5 billion round at $190 billion valuation
Databricks wrapped a $5 billion funding round at a $190 billion valuation, roughly 40% higher than its valuation just six months earlier.
cnbc.com/2026/08/13/databricks-funding-round-190-billion-valuation.html (opens in a new tab)
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