Databricks Seeks Fresh Capital at $130B+ Valuation Amid AI Product Boom
Databricks is negotiating a new funding round that could value the data analytics firm above $130 billion, a 30% premium to its September 2025 valuation. The potential raise follows its $100 billion valuation achieved during its last capital infusion, when the company reported $4 billion in annualized revenue.
AI-driven products are fueling growth, with proceeds earmarked for strategic acquisitions and development of Agent Bricks—a tool for building enterprise AI agents—and Lakebase, an operational database optimized for AI workflows. The MOVE intensifies competition with rivals like Snowflake in the data infrastructure space.