Databricks IPO
Databricks provides a unified data and AI platform built on Apache Spark, used by thousands of enterprises for analytics, data engineering, and machine learning. The company is valued at over $43 billion and competes with Snowflake in the cloud data market. Databricks is one of the most anticipated enterprise tech IPOs.
Key Facts
| Industry | Data Analytics Platform |
| Founded | 2013 |
| Headquarters | San Francisco, CA |
| Employees | ~6,000 |
| Website | databricks.com |
| Funding | Series L at $134B valuation (February 2026). In active talks for new funding round at $165B-$175B valuation (June 2026). Total raised: $7B+. Revenue run-rate: $5.4B with sales growth exceeding 80%. |
About Databricks
Databricks operates a unified analytics platform that combines data engineering, data science, and machine learning capabilities on a single cloud-based platform. Founded by the creators of Apache Spark, the company has become a central player in the modern data stack, enabling organizations to process massive datasets, build ML models, and derive insights from structured and unstructured data across multi-cloud environments.
The platform's lakehouse architecture allows companies to store data in open formats while providing the performance and reliability traditionally associated with data warehouses. Databricks has achieved remarkable growth by serving both technical data teams and business analysts, with customers including Shell, Comcast, and H&M using the platform to power everything from fraud detection to personalized recommendations. The company's recent focus on generative AI and large language models has positioned it at the forefront of the enterprise AI transformation.
IPO Status
Databricks was valued at $134 billion after a $5 billion raise in February 2026, with $5.4 billion in ARR growing 65% year over year. In early June 2026, CEO Ali Ghodsi announced that Databricks will delay its IPO and will not go public in 2026, citing a crowded tech market with numerous other major offerings. The company had previously been expected to list in H1 2026. As of mid-June 2026, Databricks is in active talks to raise new funding at a valuation of at least $165 billion, with multiple reports suggesting the company is eyeing a valuation as high as $175 billion. Recent reports indicate the company's sales growth has topped 80%, though AI-related costs have impacted margins. The company released general AI agents for businesses in mid-June 2026, demonstrating continued product innovation. The company is closing in on competitor Snowflake in market position. Multiple reports indicate a potential IPO is now targeted for 2027, with Databricks being named among the most anticipated IPOs alongside SpaceX, Anthropic, OpenAI, and Canva. Retail investors are reportedly seeking pre-IPO exposure through funds like RVI Fund. Despite the 2026 delay, Databricks remains IPO-ready with strong financial performance, and the decision to postpone appears strategic, aimed at avoiding a congested IPO market while raising additional capital at a significantly higher valuation.
Competitors
Frequently Asked Questions
Does Databricks have a stock?
As of early 2026, Databricks has not officially filed for an IPO, but a public listing is widely expected. The company has been showing strong signals of IPO preparation.
When is the Databricks IPO date?
No official Databricks IPO date has been announced yet. The company is expected to go public, but the exact timing depends on market conditions and company readiness.
How can I buy Databricks stock?
Databricks is not yet publicly traded. Once the company completes its IPO, you'll be able to buy shares through any major brokerage.
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