# Databricks 扩大对 Snowflake 的领先优势

- 来源：Tomer Tunguz 博客（VC 分析）
- 发布时间：2026-06-17 08:00
- AIHOT 分数：52
- AIHOT 链接：https://aihot.virxact.com/items/cmqihkgjw010qsl5wyghdh4k7
- 原文链接：https://www.tomtunguz.com/databricks-widens-lead

## AI 摘要

Databricks 年化经常性收入（ARR）达 69 亿美元，同比增长 80%；同期 Snowflake ARR 约 53 亿美元，增速 34%。两者差距从 3 月的 4.9 亿美元扩大至 16 亿美元。AI 产品年化收入 17 亿美元，占总 ARR 的 25%，六个月前为 10 亿美元。Salesforce 以 36 亿美元收购 Fin，其 AI 智能体年收入 1 亿美元，同样占比约 25%，同比增长 350%。Databricks 私人估值 1340 亿美元，80% 的增长率远超 CrowdStrike（26%）和 Shopify（34%）等同行。

## 正文

The gap between Databricks and Snowflake was $490m in March. It’s $1.6b today.

Databricks announced it has crossed $6.9b in annualized recurring revenue, up 80% year over year.1 Snowflake’s latest quarter puts them at roughly $5.3b ARR, up 34%.

Each quarter adds more distance.

AI is pulling Databricks away. The fastest-growing companies in AI & software either sell AI directly, resell inference, or sit as its first derivative.2

Databricks’ AI products run at $1.7b annualized, ~25% of total ARR, up from $1b six months ago, expanding faster than the company overall. Salesforce’s $3.6b Fin purchase is the same pattern: the former Intercom’s AI agent reached $100m ARR, also ~25% of the total, up 350%.3

Where does this put Databricks among peers? At $134b in private valuation, Databricks now sits among the largest enterprise software companies in the world, smaller than SAP but larger than Salesforce. Among data-focused companies, only SAP is bigger. At 80%, it outpaces every peer near its scale: CrowdStrike at 26%, Shopify at 34%.

The companies that land in the token path, or its first derivative, accelerate explosively, even at $6.9b.

The road to revenue growth is paved with gold tokens.

CNBC : Databricks revenue growth tops 80% to $6.9 billion annualized ↩︎

The First Derivative of Inference ↩︎

Salesforce Signs Definitive Agreement to Acquire Fin ↩︎