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Databricks

Unify your data, analytics and AI

San Francisco, CA

Founded 2013

Asset type

Late-stage company

Industry

Data infra

Company size

5001-10000

Funds

Profiles

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Databricks is the data and AI company. More than 20,000 companies — including Comcast, Condé Nast, and over 60% of the Fortune 500 — rely on the Databricks Lakehouse Platform to unify their data, analytics and AI.

About Databricks

Why we invested

Leading product suite for AI and data infrastructure with a strong history of product innovation
Databricks is on its way to becoming essentially a core utility provider of the AI industry, and as a result, has the potential to become one of the most important technology companies of the next decade
Used by more >20,000 companies including AT&T, Conde Nast, Regeneron, Shell, and 60% of the Fortune 500
Best in class growth at scale. The company crossed $4bn in run rate revenue at >50% YoY growth in 2025

Investment overview

Last funding date: Sep 8, 2025
Valuation at last funding: $100B
Total funding amount: >$20B

Databricks is the data and AI company. With origins in academia and the open source community, Databricks was founded in 2013 by the original creators of Apache Spark (TM), Delta Lake and MLflow. As the world's first and only lakehouse platform in the cloud, Databricks combines the best of data warehouses and data lakes to offer an open and unified platform for data and AI.

Today, more than 20,000 organizations worldwide - including AT&T, Conde Nast, Regeneron and Shell - rely on Databricks to enable massive-scale data engineering, collaborative data science, full-lifecycle machine learning and business analytics.

Headquartered in San Francisco, with offices around the world and hundreds of global partners, including Microsoft, Amazon, Tableau, Informatica, Capgemini and Booz Allen Hamilton, Databricks is on a mission to simplify and democratize data and AI, helping data teams solve the world's toughest problems.

Updates

Innovation Fund companies take the top 6 spots on the Forbes Cloud 100

OpenAI, Anthropic, Stripe, Databricks, Canva, and Ramp lead the future of cloud—and the Innovation Fund is along for the ride.

September 30, 2025

Portfolio update: Databricks secures a $1 billion investment round at more than $100 billion valuation

The new capital infusion will go to accelerate AI investments as the company continues to grow at 50% YoY

September 11, 2025

Databricks update: Deepening enterprise value through innovation and platform expansion

Delivering even more customer value through AI innovation at scale.

September 4, 2025

Data meets AI: Databricks secures $10B to fuel the next wave of enterprise intelligence

Databricks raises $10B round, solidifying its position as a foundational player in AI.

January 29, 2025

Behind the scenes: How Databricks is leading the charge in AI and data intelligence

Insights from Databricks Data and AI Summit - where innovation meets opportunity.

August 22, 2024

Associated fund

Innovation Fund

Open Venture

Our Innovation fund is designed to deliver long-term growth from a diversified portfolio of technology companies. The fund is focused on investing in potentially high-growth private technology businesses. The Innovation fund takes a “multi-stage” approach, investing across the lifecycle of a private company – from early to late stage and continuing to hold after any potential IPOs. The fund invests across thematic sectors including artificial intelligence (AI) and machine learning (ML), data infrastructure, vertical and horizontal software, and other categories with attractive long-term growth potential.

ObjectiveAppreciation

Net asset value$405M

Inception dateJul 2022

There are no guarantees investment holdings of the Fundrise Innovation Fund will be successful or perform similarly to the company featured.

An investment in the Fund is subject to, among others, the following risks:

Shares are not listed on any securities exchange and it is not anticipated that a secondary market for Shares will develop. Shares are subject to substantial restrictions on transferability and resale and may not be transferred or resold except as permitted under the Fund’s Limited Liability Company Agreement (the “LLC Agreement”). Although the Fund may offer to repurchase Shares from time to time, Shares will not be redeemable at a Shareholder’s option nor will they be exchangeable for Shares or shares of any other fund. As a result, an investor may not be able to sell or otherwise liquidate his or her Shares. Shares are appropriate only for those investors who can tolerate a high degree of risk and do not require a liquid investment and for whom an investment in the Fund does not constitute a complete investment program.
If a Shareholder is able to sell its Shares outside the repurchase process, the Shareholder likely will receive less than the then-current NAV per Share.
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The Fund’s distributions may be funded from unlimited amounts of offering proceeds or borrowings, which may constitute a return of capital and reduce the amount of capital available to the Fund for investment. Any capital returned to Shareholders through distributions will be distributed after payment of fees and expenses.
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Past performance does not guarantee future results. Current and future holdings are subject to risk. Returns of one company are not indicative of an investment in the fund. To obtain fund performance click here. The fund's most recent schedule of investments is available here.

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Fundrise Innovation Fund is the marketing name for Fundrise Growth Tech Fund, LLC. The Innovation Fund is publicly registered under the Investment Company Act of 1940 as a non-diversified, closed-end management investment company that is operated as a “tender offer” fund.

The Fund’s portfolio will be concentrated in securities issued by technology companies and other investments that provide economic exposure to technology companies and as such, it may be subject to more risks than if it were broadly diversified across additional sectors and industries of the economy. Certain technology companies may face special risks that their products or services may not prove to be commercially successful. Technology companies are also strongly affected by worldwide scientific or technological developments, and as a result, their products may rapidly become obsolete. The Fund’s investments in companies involved in, or exposed to, artificial intelligence-related businesses may be negatively impacted because of, among other things, limited product lines, markets, financial resources and/or personnel; intense competition and potentially rapid product obsolescence these companies may face; loss or impairment of intellectual property rights; and the inability to successfully develop products or services even after spending significant amount of resources.

The Fund’s investment in private company securities, whether made directly or indirectly (e.g., through derivatives or private pooled investment vehicles) are generally illiquid. Because private company securities are thinly traded, such securities may display especially volatile or erratic price movements, sometimes in response to relatively small changes in investor supply or demand or other market conditions.

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