Databricks has signed a term sheet for a Series K investment round that values the company at more than $100 billion. The funding, expected to close in the near future with participation from existing investors, will be used to expand the company’s artificial intelligence strategy, including product development, global growth, and acquisitions.
The company said the capital will support initiatives such as Agent Bricks, a tool for building AI agents optimized for enterprise data, and Lakebase, an operational database built on open-source Postgres and designed for AI-driven workloads. Both products were introduced at the company’s Data + AI Summit in June.
Chief executive Ali Ghodsi said in a statement that investor demand reflects adoption of Databricks’ AI products, which are used by large enterprises and technology providers.
The funding follows a series of partnerships announced over the past two quarters with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. Databricks reports serving more than 15,000 customers worldwide through its Data Intelligence Platform, which is built on open-source software and provides tools for analytics and AI applications.
