Databricks Secures $100 Billion Valuation in Latest Funding Round, Highlighting AI Sector's Rapid Growth

Databricks eyes over $100 billion valuation as investors back AI growth plans

Aug 19 (Reuters) - Analytics firm Databricks said on Tuesday its valuation was set to jump 61% to more than $100 billion in a funding round less than a year after its last, underscoring strong investor demand for artificial intelligence startups. The San Francisco, California-based company -- with 15,000 customers, including payments firm Block (XYZ.N), opens new tab, energy giant Shell (SHEL.L), opens new tab and electric-vehicle maker Rivian (RIVN.O), opens new tab -- said it has signed a term sheet for a Series K round, but did not disclose the amount it was raising. Late last year, Databricks had raised $10 billion in one of the largest venture capital funding rounds in history, which valued it at $62 billion. The company expects to use a portion of the latest funds in product development and for mergers and acquisitions in the AI segment, as corporations and governments worldwide rush to leverage efficiencies from the nascent but rapidly evolving technology. "Databricks is benefiting from an unprecedented global demand for AI apps and agents, turning companies' data into goldmines. We're thrilled this round is already over-subscribed," said Ali Ghodsi, co-founder and CEO. Startups are choosing to stay private for longer amid higher interest rates and unpredictable market appetite for initial public offerings over the past few years. Capital is also available for larger late-stage rounds as private market investors sit on record levels of dry powder. OpenAI is also in talks to close an employee share sale, which would value the ChatGPT parent at around $500 billion, Reuters had reported earlier this month. Reporting by Pritam Biswas and Ateev Bhandari in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles., opens new tab

Databricks valued at over $100 billion in latest fundraising amid AI rush

Aug 19 (Reuters) - Databricks said on Tuesday it was raising new funds that would value the data analytics firm at more than $100 billion, less than a year after its previous round, as investor appetite for artificial intelligence companies remains strong. The company expects to use the funds for AI acquisitions, as corporations and governments worldwide rush to leverage efficiencies from the nascent but rapidly evolving technology. Databricks' previous fundraising valued it at $62 billion. Reporting by Pritam Biswas and Ateev Bhandari in Bengaluru; Editing by Shilpi Majumdar Our Standards: The Thomson Reuters Trust Principles., opens new tab

Databricks Valued at $100 Billion as It Prepares for Series K Funding | AIM

The round is backed by existing investors and marks one of the largest late-stage financings in the AI sector this year. Databricks announced that it has signed a term sheet for its Series K funding round, valuing the company at more than $100 billion. The round, which is expected to close soon, is backed by existing investors and marks one of the largest late-stage financings in the AI sector this year. The company said the new capital will accelerate its AI strategy. This includes expanding Agent Bricks, a platform for building enterprise-grade AI agents, further investment in its new operational database Lakebase, and strengthening global growth. Lakebase, announced in June, is built on open-source Postgres and optimised for AI-driven applications, while Agent Bricks is designed to deliver production-ready AI agents fine-tuned on enterprise data. Ali Ghodsi, co-founder and CEO of Databricks, said th

Databricks Valued at Over $100 Billion in Latest Fundraising Amid AI Rush

(Reuters) -Databricks said on Tuesday it was raising new funds that would value the data analytics firm at more than $100 billion, less than a year after its previous round, as investor appetite for artificial intelligence companies remains strong. The company expects to use the funds for AI acquisitions, as corporations and governments worldwide rush to leverage efficiencies from the nascent but rapidly evolving technology. Databricks' previous fundraising valued it at $62 billion. (Reporting by Pritam Biswas and Ateev Bhandari in Bengaluru; Editing by Shilpi Majumdar)

Databricks eyes over $100 billion valuation as investors back AI growth plans - The Economic Times

The company expects to use a portion of the latest funds in product development and for mergers and acquisitions in the AI segment, as corporations and governments worldwide rush to leverage efficiencies from the nascent but rapidly evolving technology.Analytics firm Databricks said on Tuesday its valuation was set to jump 61% to more than $100 billion in a funding round less than a year after its last, underscoring strong investor demand for artificial intelligence startups. The San Francisco, California-based company - with 15,000 customers, including payments firm Block, energy giant Shell and electric-vehicle maker Rivian - said it has signed a term sheet for a Series K round, but did not disclose the amount it was raising. Late last year, Databricks had raised $10 billion in one of the largest venture capital funding rounds in history, which valued it at $62 billion. The company expects to use a portion of the latest funds in product development and for mergers and acquisitions in the AI segment, as corporations and governments worldwide rush to leverage efficiencies from the nascent but rapidly evolving technology. "Databricks is benefiting from an unprecedented global demand for AI apps and agents, turning companies' data into goldmines. We're thrilled this round is already over-subscribed," said Ali Ghodsi, cofounder and CEO. Startups are choosing to stay private for longer amid higher interest rates and unpredictable market appetite for initial public offerings over the past few years. Capital is also available for larger late-stage rounds as private market investors sit on record levels of dry powder. OpenAI is also in talks to close an employee share sale, which would value the ChatGPT parent at around $500 billion.

Databricks to Raise a Series K Investment at $100 Billion Valuation

India, August 19, 2025 - , the Data and AI company, today announced it has signed a term sheet for its Series K round, which it expects to close soon with backing from existing investors. This funding values the company at >$100 billion. The company expects to use the new capital to accelerate its AI strategy -- expanding Agent Bricks, investing in its new database offering Lakebase, and fueling global growth. At the June Data + AI Summit, Databricks introduced a new product, Agent Bricks, which builds high-quality, production AI agents optimized on your enterprise data, and Lakebase, a new type of operational database (OLTP), built on open source Postgres, and optimized for AI Agents. The investment is also expected to support future AI acquisitions and deepen AI research. "We're seeing tremendous investor interest because of the momentum behind our AI products, which power the world's largest businesses and AI services," said Ali Ghodsi, co-founder and CEO of Databricks. "Every company can securely turn its enterprise data into AI apps and agents to grow revenue faster, operate more efficiently, and make smarter decisions with less risk. Databricks is benefiting from an unprecedented global demand for AI apps and agents, turning companies' data into goldmines. We're thrilled this round is already over-subscribed and to partner with strategic, long-term investors who share our vision for the future of AI." This new investment comes on the heels of strong momentum for Databricks. In the last two quarters, the company has launched or expanded partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. More than 15,000 customers around the world use the  to democratize access to data and AI, making it easier to harness the power of their data for analytics and AI apps and agents. Built on an open source foundation, the platform enables organizations to drive innovation that increases revenue, lowers costs, and reduces risk.

Databricks eyes over $100 billion valuation as investors back AI growth plans

(Reuters) -Analytics firm Databricks said on Tuesday its valuation was set to jump 61% to more than $100 billion in a funding round less than a year after its last, underscoring strong investor demand for artificial intelligence startups. The San Francisco, California-based company -- with 15,000 customers, including payments firm Block, energy giant Shell and electric-vehicle maker Rivian -- said it has signed a term sheet for a Series K round, but did not disclose the amount it was raising. Late last year, Databricks had raised $10 billion in one of the largest venture capital funding rounds in history, which valued it at $62 billion. The company expects to use a portion of the latest funds in product development and for mergers and acquisitions in the AI segment, as corporations and governments worldwide rush to leverage efficiencies from the nascent but rapidly evolving technology. "Databricks is benefiting from an unprecedented global demand for AI apps and agents, turning companies' data into goldmines. We're thrilled this round is already over-subscribed," said Ali Ghodsi, co-founder and CEO. Startups are choosing to stay private for longer amid higher interest rates and unpredictable market appetite for initial public offerings over the past few years. Capital is also available for larger late-stage rounds as private market investors sit on record levels of dry powder. OpenAI is also in talks to close an employee share sale, which would value the ChatGPT parent at around $500 billion, Reuters had reported earlier this month. (Reporting by Pritam Biswas and Ateev Bhandari in Bengaluru; Editing by Shilpi Majumdar)