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Venture capital firm SBVA has participated in a $5 billion strategic funding round for U.S. data and AI company Databricks. The round was led by U.S. venture capital firm Coatue, with Blackstone, MGX, and Sixth Street Growth also participating as investors. Databricks secured a valuation of $190 billion through this raise. Founded in 2013, Databricks provides a unified AI platform to more than 20,000 institutions worldwide and has surpassed $7 billion in annualized revenue. SBVA cited the strategic value of data infrastructure and Databricks’ enterprise AI competitiveness as key factors in its investment decision, and plans to support Databricks’ expansion into the South Korean and Asian markets.
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Venture capital firm SBVA announced on the 2nd that it has participated in a $5 billion (approximately 6.8 trillion won) strategic funding round for global data and AI company Databricks.
The round was led by U.S. venture capital firm Coatue, with SBVA, Blackstone, MGX, and Sixth Street Growth among the investors. Through this capital raise, Databricks secured a valuation of $190 billion (approximately 259.2 trillion won).
Founded in 2013, Databricks provides a unified AI platform that enables enterprises to manage and analyze data in one place and apply it to real-world operations. More than 20,000 institutions worldwide currently use the platform. Revenue for the second quarter of fiscal year 2026 grew more than 80% year-over-year, with annualized revenue surpassing $7 billion (approximately 9.5 trillion won).
SBVA decided to invest based on its strong assessment of the importance of data infrastructure technology and Databricks’ enterprise AI competitiveness. The investment follows SBVA’s earlier commitments to AMI Labs and Sierra Technologies in the first half of this year, continuing its expansion into the global AI sector.
Lee Jun-pyo, CEO of SBVA, said, “As the AI industry evolves rapidly, the importance of data infrastructure that enables real-world business applications is growing as well.” He added, “We will actively support Databricks in becoming a key technology company that leads enterprise AI adoption in the South Korean and Asian markets.”
Ali Ghodsi, co-founder and CEO of Databricks, said, “SBVA’s investment demonstrates the confidence global investors have in Databricks,” adding that “it will serve as an opportunity to more broadly deliver the Databricks platform to South Korean and Asian enterprises.”
This funding round underscores the rapidly rising strategic value of data infrastructure in the enterprise AI market. Databricks’ platform enables companies to build and operate AI models using their own data, positioning it as core infrastructure amid accelerating enterprise AI adoption.
SBVA’s participation carries strong strategic significance beyond a purely financial investment, with an eye toward business expansion in the South Korean and Asian markets. As Databricks expands its customer base across Asia, SBVA’s local network and market expertise are likely to be leveraged.
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