Databricks obtains $1.8 billion in additional debt ahead of IPO

Data analytics bundle institution Databricks has landed $1.8 cardinal successful caller debt, a idiosyncratic acquainted with the substance told CNBC.

Databricks present sits connected implicit $7 cardinal successful debt, the idiosyncratic added. The institution declined to comment.

Databricks is among the highly valued exertion companies that are primed to spell nationalist successful 2026, alongside Anthropic, Canva, OpenAI and Stripe. Ali Ghodsi, Databricks' co-founder and CEO, told CNBC successful December that helium wouldn't regularisation retired an archetypal nationalist offering this year.

In December, Databricks said it was raising implicit $4 cardinal astatine a $134 cardinal valuation. The institution said it was generating $4.8 cardinal successful annualized revenue, increasing astatine implicit 55% twelvemonth implicit year. Databricks besides said that it had affirmative escaped currency travel implicit the past year.

Its subscription gross borderline successful the 2025 fiscal twelvemonth was implicit 80%, the institution said astatine a June capitalist briefing.

Founded successful 2013, Databricks received the 3rd highest ranking connected CNBC's 2025 Disruptor 50 database of backstage companies.

Bloomberg reported connected the financing details earlier.

WATCH: Databricks CEO Ali Ghodsi: Wouldn't regularisation retired going nationalist successful 2026