Databricks Stock IPO
Databricks is a San Francisco, California-based enterprise software company. It was founded at the University of California, Berkeley, in 2013. Since then, the company has raised more than $3.5 billion in venture capital and is valued at more than $38 billion as of beginning of 2022.
A Databricks IPO date is currently not in the pipeline. CEO Ali Ghodsi says that the company doesn’t have any plans for an IPO yet. However, he also confirmed they are anticipating going public in 2022.
The company has gone through two successful rounds of investments, attracting big-name players such as Microsoft, Alphabet, Amazon, and Salesforce.
Databricks has several rounds of Private funding. Timeline listed below
|September 2013||Series A||Raised USD $14 million from three investors. The lead investor was Andreessen Horowitz.|
|June 2014||Series B||Raised USD $33 million from three investors. The lead investor was New Enterprise Associates.|
|December 2016||Series C||Raised USD $60 million from three investors. The lead investor was New Enterprise Associates.|
|August 2017||Series D||Raised USD $140 million from five investors. The lead investor was Andreessen Horowitz.|
|February 2019||Series E||Raised USD $250 million from eight investors. The lead investor was Andreessen Horowitz.|
|October 2019||Series F||Raised USD $400 million from eleven investors. The lead investor was Andreessen Horowitz.|
|February 2021||Series G||Raised USD $1 billion from twenty three investors. The lead investor was Franklin Templeton Investments.|
|August 2021||Series H||Raised USD $1.6 billion from twenty seven investors. The lead investor was Counterpoint Global, a Morgan Stanley fund.|
In 2020, Databricks passed $425 million in annual recurring revenue, a year-over-year growth of more than 75%. Furthermore, in 2021, annual recurring revenue jumped even more to $600 million.