Databricks is about to complete a new funding round that values the company at more than 100 billion dollars.
Databricks is worth more than 100 billion dollars after a new funding round. This is a Series K funding round with existing investors reinvesting. With this capital, Databricks aims to accelerate its AI strategy and further focus on international growth. A significant portion of the investment will go toward Agent Bricks and Lakebase, two products announced earlier this year.
Focus on AI Agents and Database Solutions
Agent Bricks is an AI tool that allows companies to develop production-ready AI agents based on their own data. Lakebase is a new transactional database, built on open source Postgres, optimized for AI use. Both solutions are designed to help companies deploy AI applications faster with their existing data.
The funding is also intended to support future acquisitions in the AI domain and contribute to further research. With this, Databricks aims to respond to the global demand for AI applications within companies.
International Growth and New Partnerships
The company points to strong commercial progress in recent months. New or expanded partnerships were announced with Microsoft, Google Cloud, SAP, Anthropic, and Palantir, among others. Today, Databricks has more than 15,000 customers worldwide using its Data Intelligence Platform. This platform is built on open source technology and offers organizations the ability to make their data accessible for analysis and AI applications.
The funding round has not yet been completed, but according to CEO Ali Ghodsi, there is significant interest from investors. The capital round is reportedly oversubscribed. The proceeds should enable Databricks to further expand its AI offerings and strengthen its position in the market.