Databricks Raises Funds Nearing $100 Billion Valuation Amid AI Growth

Databricks, a leading data analytics and AI company, is raising a Series K funding round that values the firm at over $100 billion, marking a 61% increase from its $62 billion valuation less than a year ago. The company plans to use the capital to accelerate AI product development, including expanding its Agent Bricks AI agents and new Lakebase database, as well as to pursue acquisitions and global growth. Investor demand has surged recently, with venture capital firms Thrive Capital and Andreessen Horowitz among the expected co-leads of the round, which is already oversubscribed. Databricks supports more than 15,000 customers worldwide and has formed strategic partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir to enhance its AI and data analytics capabilities. CEO Ali Ghodsi highlighted the company's ambition to become a trillion-dollar business, emphasizing the strong momentum driven by the global AI boom and the value of turning enterprise data into AI-powered applications. The new funding round also allows Databricks to postpone its initial public offering as it continues rapid growth and talent expansion.