Databrick, an organization The software company, which focuses on data and analytics, announced this morning that it has exceeded $1 billion in annual revenue. The Wall Street Journal first reported the financial results.
This milestone comes after the company raised $1.6 billion last August at a $38 billion valuation. At the time, Databricks announced that it had passed the $600 million annual recurring revenue (ARR) mark.
By the end of 2021, Databricks says it will surpass $800 million in ARR. Through the company’s recent popular private market valuation and regular release of revenue numbers, we have been able to track its growth and revenue multiples as the company grows and the market changes.
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The timing of the new number is somewhat unclear. TechCrunch confirmed with a Databricks spokesperson Keyanna Corliss It surpassed the 10-figure earnings run rate milestone of recent months, but failed to disguise a more realistic timeline.
