Economy Politics Country 2026-01-24T22:42:40+00:00

Databricks Secures $1.8 Billion in New Debt

Data analytics firm Databricks has raised $1.8 billion in new debt, boosting its total accessible capital to over $7 billion. This is a step towards a potential IPO this year.


Databricks Secures $1.8 Billion in New Debt

Databricks, a data analytics software company, has secured new debt of $1.8 billion, CNBC reported, citing sources. This means the company now has access to over $7 billion in capital. In December of last year, the company announced it had raised over $4 billion at a valuation. Previously, Ali Ghodsi, co-founder and CEO of Databricks, had indicated that he does not rule out an IPO this year. Databricks is among a group of high-valued tech companies preparing to go public in 2026, alongside companies like Anthropic, Canva, OpenAI, and Stripe.