Databricks passes $7B revenue run-rate, growing 80% year over year

Databricks announced it crossed a $7 billion revenue run-rate, growing over 80% year over year in Q2, and raised $5 billion in its latest fundraise.

Lakebase reached a $100 million-plus run-rate, and Lakehouse reached $1.5 billion-plus, growing over 100% year over year, with continued positive adjusted free cash flow.

The company says it will invest the capital in Lakebase, a serverless Postgres database for AI agents; Genie, AI coworkers for business data; and Unity AI Gateway, multi-AI governance for controlling costs.