According to an informed source, data analytics software firm Databricks has successfully obtained $1.8 billion in debt financing through a new funding round.

The source further added that Databricks' total debt has now surpassed $7 billion. The company has declined to comment on the matter.

Databricks is one of the high-value tech companies expected to go public in 2026, a group that also includes Anthropic, Canva, OpenAI, and Stripe. Databricks' co-founder and CEO, Ali Ghodsi, stated last December that an initial public offering (IPO) in 2026 remains a possibility.

In December of last year, Databricks announced it had raised over $4 billion at a valuation of $134 billion. The company disclosed that its annualized revenue has reached $4.8 billion, representing a growth rate of more than 55% year-over-year, and it achieved positive free cash flow over the past year.

During an investor briefing last June, Databricks also revealed that the gross margin for its subscription business exceeded 80% for the 2025 fiscal year.