Databricks co-founder and CEO Ali Ghodsi.

Databricks

Data analytics software company Databricks has landed $1.8 billion in fresh debt, a person familiar with the matter told CNBC.

Databricks now has access to over $7 billion in debt, the person added. The company declined to comment.

Databricks is among the highly valued technology companies that are primed to go public in 2026, alongside Anthropic, Canva, OpenAI and Stripe. Ali Ghodsi, Databricks’ co-founder and CEO, told CNBC in December that he wouldn’t rule out an initial public offering this year.

In December, Databricks said it was raising over $4 billion at a $134 billion valuation. The company said it was generating $4.8 billion in annualized revenue, growing at more than 55% year over year. Databricks also said that it had positive free cash flow over the past year.

Its subscription gross margin in the 2025 fiscal year was over 80%, the company said at a June investor briefing.

Founded in 2013, Databricks received the third highest ranking on CNBC’s 2025 Disruptor 50 list of private companies.

Bloomberg reported on the financing details earlier.

WATCH: Databricks CEO Ali Ghodsi: Wouldn’t rule out going public in 2026

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A Tesla Inc. robotaxi on Oltorf Street in Austin, Texas, on June 22, 2025.

Tim Goessman | Bloomberg | Getty Images

Tesla has obtained a permit to operate a ride-hailing service in Arizona, the state’s department of transportation said.

The electric vehicle company applied for a “transportation network company” permit on Nov. 13, and was approved on Monday, ADOT said in an emailed statement. Additional permits will be required before Tesla can operate a robotaxi service in Arizona.

In July, Tesla applied to conduct autonomous vehicle testing and operations in Phoenix, with and without human safety drivers on board. A month earlier, Tesla started a robotaxi pilot in Austin, Texas, with safety valets and remote operators. Tesla also operates a more traditional car service in the San Francisco Bay Area.

Tesla didn’t immediately respond to a request for comment.

Tesla plans to take human safety drivers out of its cars in Austin before the end of this year. The company is aiming to operate a commercial robotaxi service in Phoenix and several other U.S. cities before the end of 2026.

According to the National Highway Traffic Safety Administration’s website, Tesla cars equipped with automated driving systems were involved in seven reported collisions following the launch of the company’s pilot in Texas.

Competitors including Alphabet’s Waymo in the U.S. and Baidu’s Apollo Go in China are way ahead in the nascent robotaxi ride-hailing market. In the Phoenix area, Waymo operates a sizable commercial business, with at least 400 autonomous vehicles, the company previously told CNBC. In May, Waymo said it had surpassed 10 million driverless trips served to riders across the U.S.

Baidu said in an earnings update on Tuesday that its Apollo Go service “provided 3.1 million fully driverless operational rides in the third quarter of 2025,” representing year-over-year growth of 212%.

Musk has been promising that Tesla will “solve” autonomy for years without reaching its goals. The world’s richest person has continued with the lofty pronouncements.

At the company’s 2025 shareholder meeting earlier this month, Musk said the “killer app” for self-driving technology is when people can “text and drive,” or “sleep and drive.”

“Before we allow the car to be driven without paying attention, we need to make sure it’s very safe,” Musk said. “We’re on the cusp of that. I know I’ve said that a few times. We really are at this point.”

WATCH: Baidu to ramp up global exports as robotaxi service grows in China

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