Databricks Eyes $1 Billion Sales for Product Rivaling Snowflake

Databricks Inc., a software provider among the most valuable startup companies, said its data warehousing business is on track to nearly double in size this year, and it’s launching a new database product that it hopes will follow a similar growth trajectory.

The company expects $1 billion in revenue run rate for Databricks SQL by the end of its fiscal year in January 2026, a spokesperson said. That’s up from a $600 million run rate in December 2024. Used for storing and analyzing data, Databricks SQL is the company’s product that competes most directly with Snowflake Inc.

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