Databricks anticipates its valuation to surpass $100 billion following a new funding round, marking a 61% increase from its previous valuation less than a year ago. This surge reflects strong investor confidence in the company's artificial intelligence (AI) growth strategy.
The company plans to allocate the new capital to expand Agent Bricks, invest in its Lakebase database offering, and fuel global expansion. Databricks introduced Agent Bricks for building AI agents optimised for enterprise data, and Lakebase, a new operational database built on open-source Postgres and designed for AI Agents. The investment will also support AI acquisitions and research.
Databricks' platform is used by over 15,000 customers globally. Recent partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir highlight the company's momentum. The company enables organisations to transform data into AI applications.
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