Databricks said it raised more funding in a Series K round with a valuation topping $100 billion.
The company said the funding was from existing investors. In a release, Databricks, which has more than 15,000 customers, didn't disclose how much it raised or its annual revenue run rate, which was put at $3 billion late last year.
According to Databricks, the new capital will accelerate its AI strategy via expanding Agent Bricks and investing in its Lakebase database. CEO Ali Ghodsi said the company is "seeing tremendous investor interest.
Databricks launched Agent Bricks in June and Lakebase, which is optimized for AI agents. The company said that the new funding will also be used for future AI acquisitions and AI research.
Databricks has been busy expanding partnerships with the likes of Microsoft, Google Cloud, Anthropic, SAP and Palantir.
- Databricks natively integrates Google Cloud Gemini models
- Databricks launches Mosaic Agent Bricks, Lakeflow Designer, Lakehouse
- Databricks acquires Neon, sees Postgres scaling key to agentic AI
- Databricks forges partnership with Anthropic, adds innovative system to enhance open source LLMs
- Databricks, Palantir forge integration pact
- SAP launches Business Data Cloud, partnership with Databricks: Here's what it means
Constellation Research analyst Holger Mueller said:
"Data is the foundation for AI and Databricks' strong data story is driving its valuation. Beyond the data Datbricks will now have to demonstrate it is not only about analytics, but can also be the platform for AppDev and Agent building. Another aspect will be whether Databricks can be successful with its SAP partnership - and repeat similar partnerships with other key data sources - starting with the ERP vendors."
