Funding round
Databricks Series H+
Reported as "Series L"
Databricks, which works in cloud data platform development in San Francisco, raised $4.00B in a Series H+ round announced on 16 Dec 2025, led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management, at a $134.00B post-money valuation. 16 firms took part, 16 of them already investors. It is Databricks' 13th venture round on record; the one before was a Series H+ in Sep 2025.
$4.00B
Amount raised
$134.00B
Post-money valuation
$130.00B pre-money
16
Investors
3 leads
1.3x
Step-up from the Series H+
$100.00B in Sep 2025
3.0%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Databricks at $134.00B after the new money, 1.3 times the $100.00B of its Series H+ (Sep 2025). The $4.00B bought investors about 3.0% of the company. It came 3 months after Databricks' Series H+. It is 12% of the $34.00B Databricks has raised in the venture rounds on record. Databricks raised again 8 months later: a Growth round of $5.00B in Aug 2026, at $190.00B post-money.
Databricks' funding rounds
Databricks has 14 venture rounds on record and 1 other deal. This one is highlighted.
- Series A 1 Sep 2013, led by Andreessen Horowitz $14M
- Series B 30 Jun 2014, led by New Enterprise Associates $33M
- Series C 15 Dec 2016, led by New Enterprise Associates $60M
- Series D 22 Aug 2017, led by Andreessen Horowitz $140M
- Series E 5 Feb 2019, led by Andreessen Horowitz $250M$2.75B post-money
- Series F 22 Oct 2019, led by Andreessen Horowitz $400M$6.20B post-money
- Series G 1 Feb 2021, led by Franklin Templeton $1.00B$28.00B post-money
- Series H+ 31 Aug 2021, led by Morgan Stanley $1.60B$38.00B post-money
- Series H+ 14 Sep 2023, led by T. Rowe Price Associates, Inc. $500M$43.00B post-money
- Series H+ 17 Dec 2024 $10.00B$62.00B post-money
- Debt not a venture round 22 Jan 2025, led by JPMorgan Chase $5.25B$62.00B post-money
- Growth 30 Jun 2025, led by T. Rowe Price $10.00B$55.00B post-money
- Series H+ 8 Sep 2025, led by Andreessen Horowitz, Insight Partners and MGX $1.00B$100.00B post-money
- Series H+ this round 16 Dec 2025, led by Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management $4.00B$134.00B post-money
- Growth 13 Aug 2026, led by Coatue $5.00B$190.00B post-money
Investors
Who put money in
Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management led the round with 13 other firms. Insight Partners, Fidelity Management & Research Company, J.P. Morgan Asset Management and Andreessen Horowitz and 12 more had backed Databricks before.
Lead investors
- Insight Partners backs 548 venture-backed companies existing investor
- Fidelity Management & Research Company existing investor
- J.P. Morgan Asset Management existing investor
Also in the round
- Andreessen Horowitz backs 722 venture-backed companies existing investor
- BlackRock existing investor
- Blackstone backs 83 venture-backed companies existing investor
- Coatue backs 229 venture-backed companies existing investor
- GIC backs 98 venture-backed companies existing investor
- backs 6 venture-backed companies existing investor
- New Enterprise Associates backs 286 venture-backed companies existing investor
- Ontario Teachers’ Pension Plan backs 35 venture-backed companies existing investor
- Robinhood Ventures existing investor
- T. Rowe Price Associates, Inc. existing investor
- Temasek backs 195 venture-backed companies existing investor
- Thrive Capital backs 130 venture-backed companies existing investor
- Winslow Capital existing investor
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, sales and marketing, scaling operations, acquisitions and working capital.
- Product development
- Sales and marketing
- Scaling operations
- Acquisitions
- Working capital
Comparable rounds
How it compares
6 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $28M, and this round was 141 times the median. The closest in time, other companies' Series H+ rounds in Tech Companies:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Anthropic Tech Companies | 28 May 2026 | $65.00B | $965.00B | Altimeter and Dragoneer Investment Group |
| Tech Companies | 12 Jun 2025 | $6.6M | not disclosed | Auxier Asset Management |
| Tech Companies | 8 Jul 2026 | $50M | not disclosed | Andreessen Horowitz |
| Tech Companies | 3 Feb 2025 | $4.0M | not disclosed | not named |
| Tech Companies | 27 Jan 2025 | $5.0M | not disclosed | 10x Founders Fund |
| Cohesity Tech Companies | 10 Dec 2024 | $2.00B | not disclosed | not named |
Sources
Where this comes from
Reported by 6 sources.
Questions
Frequently asked
How much did Databricks raise in its Series H+ round?
Databricks raised $4.00B in its Series H+ round, announced in Dec 2025.
Who led Databricks' Series H+ round?
Insight Partners, Fidelity Management & Research Company and J.P. Morgan Asset Management led it, with Andreessen Horowitz, BlackRock, Blackstone, Coatue and GIC and 8 more.
What was Databricks' valuation at the Series H+ round?
$134.00B post-money ($130.00B pre-money).
How does it compare with other Series H+ rounds in Tech Companies?
6 Series H+ rounds in Tech Companies within a year either side disclosed an amount; the median was $28M, and this round was 141 times the median.
Did Databricks raise again after this round?
Yes: a Growth round in Aug 2026 of $5.00B at $190.00B post-money.