Databricks is preparing for a new investment round that will elevate its valuation to over $100 billion. The funding, backed by existing investors, aims to enhance its AI strategy, notably expanding the Agent Bricks service and developing the new database solution, Lakebase. The initiative also seeks to fuel global growth. Co-founder and CEO Ali Ghodsi emphasized the growing interest from investors due to Databricks' focus on AI, which is consistent with trends seen across major tech firms. The company has raised substantial funding in recent years, with the latest round showing a 61% valuation increase since December 2023.
"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," Ghodsi said.
"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," Ghodsi stated.
Collection
[
|
...
]