SYS:ONLINE
PRE-IPO · Data & AI

DatabricksThe Lakehouse That Powers Fortune 500 AI

The company nearly every enterprise AI project actually runs on. One of the most anticipated tech listings on the board.

Ticker
$DBX
Latest price
$92 (tender)
Valuation
$62B
YTD return
+38%
Window
H2 2026
Backers
a16z, NEA, T. Rowe Price

Figures as of August 2026. Source: Forge Global secondary marks, Yahoo Finance and public reporting. Pre-IPO prices, valuations and listing dates are unconfirmed estimates from secondary-market and press reporting, not company-confirmed figures. They can change at any time.

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// INVESTMENT THESIS

Why Databricks matters

Point 1

Databricks is the neutral AI plumbing every hyperscaler alternative needs.

Point 2

MosaicML acquisition brings first-party model training to the platform.

Point 3

Enterprise ARR reportedly north of $3B and still doubling.

The bull case

Databricks becomes the Snowflake-of-AI, with a larger addressable market.

The risk

Snowflake and hyperscaler bundles compress the standalone opportunity.

// NEXT STEPS

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