As other startups slash spending and hoard cash, Databricks hits accelerator

When Databricks announced earlier this month that it crossed a run rate of $1 billion, it was certainly a big milestone for the company, but it wasn’t a huge surprise. The data lake startup has been flying. Almost exactly a year ago, Databricks announced a $1.6 billion raise on an astonishing $38 billion valuation with $600 million ARR. That grew to $800 million ARR by February this year.
Databricks now says that it’s no longer counting ARR, but instead looks at quarterly earnings and calculates a yearly run rate instead. However you measure it, the company is making money fast and the externa

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