Databricks also has plans to scale BladeBridge expertise to other system integrators, it said, adding that it sees the acquisition contributing to its goal of reaching a $3 billion revenue run rate and being free cash flow positive in the fourth quarter ending January 31, 2025.
The acquisition of BladeBridge comes just after Databricks closed its $15 billion Series J financing round that saw new and existing investors, such as Temasek and QIA invest $10 billion. As part of that round, the company closed a $5.25 billion credit facility led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley.
The company, after the close of the funding round, had said that it would use the new capital towards building new AI products, acquisitions, and expansion of its international go-to-market operations, while also providing liquidity.
