Databricks, the San Francisco-headquartered Data and AI company, has confirmed it is raising a Series K investment round that values the firm at more than $100bn.
The company has signed a term sheet and expects to close the deal soon with support from existing investors.
The new capital will fuel Databricks’ ambitious AI strategy, backing the expansion of its recently launched Agent Bricks platform, further development of its Lakebase database offering, and international growth.
The company also plans to use the funding to pursue AI-focused acquisitions and to strengthen its research capabilities.
Databricks specialises in providing enterprise data and AI solutions through its Data Intelligence Platform, which is designed to help organisations harness data for analytics, AI applications, and intelligent agents. The platform, which is built on an open source foundation, supports more than 15,000 customers globally, including major names such as Block, Comcast, Rivian, Shell and over 60% of the Fortune 500.
The firm has recently introduced Agent Bricks, a tool for building high-quality production AI agents optimised for enterprise data, and Lakebase, a new type of operational database based on Postgres. These developments are intended to position Databricks at the forefront of the next wave of enterprise AI adoption.
Databricks co-founder and CEO Ali Ghodsi said, “We’re seeing tremendous investor interest because of the momentum behind our AI products, which power the world’s largest businesses and AI services.
“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.”
The announcement comes on the back of a period of strong growth for the firm. In the past two quarters, Databricks has announced or expanded partnerships with Microsoft, Google Cloud, Anthropic, SAP and Palantir.
Read the daily FinTech news
Copyright © 2025 FinTech Global
