Databricks, an enterprise The software company focused on data and analytics announced this morning that it has surpassed a $1 billion annual revenue run rate. wall street journal previously reported Financial result news.
The milestone comes after the company raised a massive $1.6 billion round last August at a valuation of $38 billion. At that time, Databricks announced that it had cleared the $600 million annual recurring revenue (ARR) mark.
By the end of 2021, Databricks said it has crossed $800 million in ARR. As a result of the company’s renowned recent private-market valuation and regular disclosure of revenue numbers, we have been able to track its growth and resulting revenue multiples as the company grows and changes in the market.
The exchange explores startups, markets, and money.
Read it every morning on Meczyki.Net+ or receive the Exchange newsletter every Saturday.
The timing of the new number is somewhat unclear. Meczyki.Net Confirmed Databricks Spokesperson Keena Corliss That it passed the 10-figure revenue run rate milestone in recent months, but wasn’t able to nail down a more precise timeline.