Databricks recently raised a massive $10 billion in funding. Investors are curious about the company's IPO plans. CEO Ali Ghodsi explained why he's holding off until at least 2025. He wants stability and thinks 2024 is too uncertain. This year was an election year, and people are worried about interest rates and inflation. Ghodsi also thinks it's wise to wait because employees would have to wait too long to cash out due to lock-up periods.

Instead of rushing into an IPO, Databricks is using this funding to let early employees sell their shares and continue growing. The company considered raising even more money. Ghodsi revealed that investors were eager to join, but Databricks increased its share price due to the high demand. He saw an Excel sheet with $19 billion in investment interest and was shocked.

Ghodsi isn't ruling out a 2025 IPO, but it could be 2026. He thinks going public is less important than it used to be. He's not worried about the "AI bubble" bursting. Ghodsi thinks some AI startups are overvalued. He believes Databricks is different and can withstand the test of time.

Databricks had a program called "SnowMelt" to take business from Snowflake. This effort cost Databricks $2 billion to buy a small startup called Tabular. Now, Databricks is focusing on competing with bigger companies like Salesforce and Microsoft. Ghodsi thinks data and AI will become more important, and Databricks is ready for that.

Why Databricks CEO is Waiting Until 2025 to Go Public

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