Databricks, a privately owned company headquartered in the US, was founded in 2013 and employs approximately 6,490 individuals. It primarily focuses on Software Development, functioning as a data management and enterprise software provider.
On February 22, 2026, Databricks announced the general availability of Lakebase, a serverless PostgreSQL-based OLTP database designed for AI workloads. Lakebase scales compute and storage independently and integrates with the Databricks platform, providing a hybrid solution that combines both transactional and analytical capabilities. Previously, on February 21, the company introduced Auto-TTL in Databricks, a feature intended to automate data retention, addressing challenges such as accumulating storage costs, compliance complexities, and the need for manual cleanup logic. This follows the completion of a $5 billion funding round by Databricks, also on February 21.
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