Databricks: Growth from $26B to $100B
Databricks is the world’s leading platform for big data and AI-driven solutions. The company pioneered the lakehouse architecture, which unifies data storage, processing, and analytics in a single environment.
Databricks solutions are used across healthcare, fintech, government, and other industries. By the end of 2023, the company served more than 10,000 enterprise customers in 93 countries, including some of the largest global corporations leveraging Databricks to optimize processes and implement AI capabilities.
Our Investment in Databricks
In summer 2023, Axevil Capital acquired shares of the company at a $26 billion valuation. In September of the same year, Databricks announced a new funding round valuing the company at $43 billion.
In August 2025, the company signed a Series K funding agreement at a valuation exceeding $100 billion. This growth highlights the strategic importance of Databricks as one of the key players in data and AI.
Why We Believe in Databricks’ Growth
Innovative leadership. The lakehouse architecture is unique, positioning Databricks as a prime beneficiary of the growth in cloud services and data analytics.
Open ecosystem. Its solutions are built on open-source technologies (Apache Spark, Delta Lake, MLflow), around which one of the strongest AI/ML communities has emerged.
Robust growth strategy. The company combines large-scale in-house R&D with targeted M&A, securing leadership and attracting top talent.
Global expansion. Databricks is actively growing in Asia and the Middle East, while strengthening its footprint in healthcare, fintech, and the public sector.
Databricks remains a flagship company in big data and artificial intelligence. It continues to scale and reinforce its leadership in the global technology market. For Axevil Capital, this case represents our strategy of investing in companies shaping the new digital economy.
