Databricks obtains $1.8 billion in additional debt ahead of IPO

Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC.

Databricks now has access to over $7 billion in debt, the person added. The company declined to comment.

Databricks is among the highly valued technology companies that are primed to go public in 2026, alongside Anthropic, Canva, OpenAI and Stripe. Ali Ghodsi, Databricks’ co-founder and CEO, told CNBC in December that he wouldn’t rule out an initial public offering this year.

In December, Databricks said it was raising over $4 billion at a $134 billion valuation. The company said it was generating $4.8 billion in annualized revenue, growing at more than 55% year over year. Databricks also said that it had positive free cash flow over the past year.

Its subscription gross margin in the 2025 fiscal year was over 80%, the company said at a June investor briefing.

Founded in 2013, Databricks received the third highest ranking on CNBC’s 2025 Disruptor 50 list of private companies.

Bloomberg reported on the financing details earlier.

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