Databricks Hits $100B Valuation in Series K Funding Round
Databricks, a leading data and AI company, is set to close a Series K funding round that values the company at over $100 billion. This significant investment comes amidst the launch of new AI products and a surge in partnerships.
The funding round is led by existing investors, including Andreessen Horowitz and Thrive Capital. Databricks has raised over $14.7 billion through 14 funding rounds to date, with its valuation climbing rapidly. Less than a year ago, the company closed a Series J round at $10 billion.
Databricks plans to use the fresh funds to invest directly in AI, scale up its Agent Bricks platform, and develop its Lakebase database system. Agent Bricks, launched at the Data + AI Summit in June, is a platform for building enterprise-grade AI agents. Lakebase, also launched at the summit, is a Postgres-based operational database tailored for AI. The company aims to drive global growth with these new offerings.
Ali Ghodsi, co-founder and CEO of Databricks, attributes the company's success to the global demand for AI apps and agents. With over 15,000 organizations using Databricks' Data Intelligence Platform, the company is well-positioned to capitalize on this demand.
While Databricks has announced partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir, there are no publicly reported acquisitions of new companies specifically aimed at developing Agent Bricks and the Lakebase database system up to October 2025. Databricks is focusing on expanding its AI product line and pursuing future AI acquisitions and research.
Databricks' latest funding round, valuing the company at over $100 billion, reflects the market's confidence in the company's AI offerings and growth potential. The company plans to use the funds to invest in AI, scale up its new platforms, and drive global growth. Despite no recent acquisition reports, Databricks' partnerships and the global demand for AI apps and agents position the company strongly for future success.
Read also:
- EPA Administrator Zeldin travels to Iowa, reveals fresh EPA DEF guidelines, attends State Fair, commemorates One Big Beautiful Bill
- Hitachi Rail's Next-Gen SelTrac to Revolutionize Urban Transit with C$100m Investment
- Leaders at HIT Forum 2025: Middle Powers Key to Asia's Security
- Samsung, SK Hynix Partner with OpenAI for AI Chip Boost, Driving South Korea's Tech Industry
