SAN FRANCISCO, CA — Databricks, a leader in data intelligence, has successfully completed its Series J funding round, raising $10 billion. This latest round sees participation from prominent existing investor QIA, the sovereign wealth fund of Qatar, along with new backers, including Temasek and Macquarie Capital-administered entities. Notably, Meta has also joined as a strategic investor. This funding, which values Databricks at $62 billion, will fuel the company’s continued expansion, focusing on developing new AI products, acquiring complementary technologies, and enhancing its international go-to-market capabilities. The capital will also support liquidity for current and former employees and assist with related tax obligations.

In addition to the Series J equity financing, Databricks secured a substantial $5.25 billion credit facility. Led by JPMorgan Chase and supported by Barclays, Citi, Goldman Sachs, Morgan Stanley, and several other financial institutions, the credit facility comprises a $2.5 billion unfunded revolver and a $2.75 billion term loan.

“We’ve seen overwhelming interest from both existing and new investors who share our vision for the future of data and AI,” said Ali Ghodsi, Co-Founder and CEO of Databricks. “Our partners are committed to supporting Databricks as we continue to grow our customer base and further the impact of generative AI. The recognition of data intelligence’s importance in helping organizations modernize and achieve business objectives is a driving force behind this investment.”

Databricks’ Data Intelligence Platform aims to democratize access to data and AI, simplifying how organizations can leverage their data for analytics, machine learning, and AI applications. Built on open-source technology, the platform enables businesses to innovate across a range of industries, including healthcare, climate change, financial services, and pharmaceuticals. Customers are using the platform to identify diseases early, accelerate pharmaceutical development, fight climate change, and tackle mental health and financial inequalities, among other significant goals.

Mohammed Saif Al-Sowaidi, CEO of QIA, expressed strong confidence in Databricks’ future: “This follow-on investment underscores our belief in the company’s leadership and strategic positioning. We are expanding our AI ecosystem portfolio, and Databricks is now the leading platform in AI infrastructure software.”