<ul data-eligibleForWebStory="true"><li>Databricks projects a near doubling of its data warehousing business this year, with expectations of $1 billion revenue run rate for Databricks SQL by January 2026.</li><li>The company attributes its growth to lower costs compared to competitors, particularly seeing success with Databricks SQL, a product competing with Snowflake.</li><li>Snowflake, focusing on cloud data warehousing, is projected to reach $4.3 billion in product revenue by January 2026.</li><li>Databricks was valued at $62 billion following a recent funding round, planning to invest in new AI products, acquisitions, and expanding internationally.</li><li>Challenges are emerging as Databricks and Snowflake target large enterprises with legacy systems, requiring careful considerations around IT modernization and strategic planning.</li></ul>

Databricks Projects $1 Billion in Revenue From Data Warehouse Business

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