Databricks to Raise a New Funding Round at a $130 Billion Valuationw Post

Databricks is a data and AI company that provides a Unified Data Analytics Platform built on an open and collaborative foundation known as the Lakehouse Architecture. This architecture combines the best elements of data lakes and data warehouses, allowing organizations to consolidate their data, analytics, and AI workloads onto a single platform.

Databricks is reportedly in talks to raise a new funding round, which would bring its valuation to over $130 billion. This potential valuation underscores the market's strong confidence in the company's hybrid data and AI strategy, particularly its leading position in the enterprise AI space.

Databricks, headquartered in San Francisco, California, United States, was founded in 2013 by Ali Ghodsi, Matei Zaharia, Ion Stoica, Reynold Xin, Patrick Wendell, Andy Konwinski, and Arsalan Tavakoli-Shiraji. In 2019, the company joined the unicorn club. “The database market is $105 billion of TAM [total addressable market], of revenue, sitting there, kind of unaffected in the last 40 years,” said Ali Ghodsi, co-founder and CEO of Databricks. “Here’s the interesting statistic nobody’s paying attention to: A year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%.”