Image Credits: Nigel Sussman (opens in a new window)
Databricks said this morning that it has surpassed a $1 billion annual revenue run rate. The Wall Street Journal reported the results.
The company raised a large amount of money in August of last year. The $600 million annual recurring revenue mark was achieved by Databricks.
Databricks said it crossed $800 million in ARR by the end of the year. As a result of the company's recent private-market valuation and regular disclosures of revenue numbers, we've been able to track its growth and resulting revenue multiples.
Markets and money are explored by the Exchange.
You can get The Exchange newsletter on Saturdays.
It's not clear when the new number will be. According to Keyana Corliss of Databricks, the company surpassed the 10-figure revenue run rate milestone in the last few months, but was not able to give a precise time frame.
All Rights Reserved © 2024
