Squaring Databricks’ 2021 valuation as it crosses a $1B annual run rate
By Editor - Fri Aug 05, 7:09 am
Databricks, an enterprise software company focused on data and analytics, announced this morning that it has surpassed a $1 billion annual revenue run rate. The Wall Street Journal first reported news of the financial result. The milestone comes after the company raised a mammoth $1.6 billion round last August at a $38 billion valuation. At the time, Databricks announced that it had cleared the $600 million annual recurring revenue (ARR) mark. By the end of 2021, Databricks said that it crossed $800 million in ARR.
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