Databricks just joined the ultra-exclusive $100 billion club. The Data and AI giant announced it has signed a term sheet for its Series K funding round, expected to close soon with support from existing investors.
The new capital will supercharge Databricks’ AI-first roadmap, with investments in Agent Bricks, its platform for building enterprise-ready AI agents, and Lakebase, a next-gen operational database designed for AI workloads. The company also plans to expand globally, pursue AI-focused acquisitions, and deepen its AI research.
Agent Bricks and Lakebase: The Next Bet
At June’s Data + AI Summit, Databricks introduced Agent Bricks, a tool for creating high-quality, production-grade AI agents optimized on enterprise data. Unlike generic AI assistants, these agents are tuned for specific business environments, designed to deliver accuracy, reliability, and compliance.
The company also unveiled Lakebase, an operational database (OLTP) built on open-source Postgres, but optimized for the demands of AI agents. Think of it as a data foundation that bridges analytics, transactions, and AI workloads—all in one.
Ali Ghodsi, co-founder and CEO of Databricks, put it bluntly: “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.”
The $100B AI Club
A $100 billion valuation places Databricks in the rare air of tech’s most valuable private companies, alongside the likes of OpenAI, Stripe, and SpaceX. The oversubscribed Series K signals investor confidence in the company’s AI positioning, especially as enterprises race to move from experimentation to production-scale AI.
Partnerships and Global Reach
Momentum has been building. Over the past two quarters, Databricks has expanded partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. Its Data Intelligence Platform, already trusted by more than 15,000 customers worldwide, is pitched as the connective tissue for enterprise AI—making it easier to democratize data access, build AI apps, and deploy agents at scale.
Built on an open-source foundation, the platform aims to reduce risk while unlocking revenue and efficiency gains—an attractive proposition for enterprises navigating the high-stakes AI arms race.
Bottom Line
With Agent Bricks and Lakebase, Databricks isn’t just adding features—it’s laying the groundwork for the next phase of enterprise AI. The $100B valuation underscores a simple fact: investors believe Databricks isn’t just riding the AI wave, it’s shaping it.
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