Data intelligence leader Databricks is reportedly in discussions to secure a new funding round that could value the company at more than $130 billion. This potential capital injection comes just months after its previous fundraise, which had already placed its valuation at a substantial $100 billion.
According to reporting from The Information, Databricks is actively holding conversations with potential investors, though a term sheet has not yet been signed. Should the round materialize at this valuation, it would signify a remarkable increase of at least 30% from the $100 billion valuation achieved during its $1 billion Series J funding round last August.
At the time of its Series J raise, Databricks co-founder and CEO Ali Ghodsi told TechCrunch that the capital was earmarked for two specific initiatives: developing a dedicated database for AI agents and advancing its AI agent platform. Ghodsi emphasized the untapped potential in the database market.
“The database market is $105 billion of TAM [total addressable market], of revenue, sitting there, kind of unaffected in the last 40 years,” Ghodsi stated to TechCrunch. He highlighted a significant shift, adding, “Here’s the interesting statistic nobody’s paying attention to: a year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%.”
This strategic focus on AI-driven data solutions has also seen Databricks make significant moves in the market. Earlier this year, in May, the company acquired open-source database startup Neon for $1 billion. This acquisition was a key transaction that helped kick off a broader wave of consolidation within the database space, driven by the evolving demands of artificial intelligence.
Databricks has not yet responded to requests for confirmation or additional information regarding the rumored funding round.
