Databricks is within the strategy of closing a contemporary spherical at a $100 billion valuation, sources confirmed to iinfoai. The spherical was initially reported by the Wall Avenue Journal.
A supply conversant in the deal tells iinfoai solely that the brand new spherical is about $1 billion and was wildly oversubscribed. Databricks, greatest identified for its knowledge analytics merchandise, kept away from promoting much more fairness as a result of it didn’t want money for operations after its as soon as record-breaking $10 billion increase at a $62 billion valuation in January, in line with the supply. (OpenAI has since squashed the document with a $40 billion increase in March.)
The spherical was co-led by each Thrive and one in every of Databricks’ early traders, Perception Companions, iinfoai has discovered. These two companies led the final spherical as nicely. The corporate has now raised about $20 billion because it was based in 2013.
This was a major spherical, which means it didn’t embody workers promoting their shares. Nevertheless, sources near the corporate say Databricks has already had two secondary rounds for workers in 2025. These provides allowed workers to promote as much as 40%, 50%, or 60% of their shares, relying on the dimensions of their holdings.
In each circumstances, the supply stated, the complete funds accessible for the secondary spherical weren’t maxed out, which means workers held on to extra shares than they may have bought. Whereas Databricks clearly isn’t in a rush to IPO, workers have had two current probabilities to money out shares.
This new spherical, nevertheless, was raised to pursue two particular initiatives — a database for AI brokers and its AI agent platform — Databricks co-founder and CEO Ali Ghodsi instructed iinfoai in an interview.
The corporate will make investments closely in its database for AI brokers, making it typically accessible to all prospects. It launched the product, referred to as Lakebase, in June at its annual tech convention. Lakebase, which is predicated on the open supply database Postgres, is enterprise grade and helps company builders’ vibe-coding initiatives. This makes it a competitor to Supabase.
Techcrunch occasion
San Francisco
|
October 27-29, 2025
“The database market is $105 billion of TAM [total addressable market], of income, sitting there, sort of unaffected within the final 40 years,” Ghodsi instructed iinfoai, giving a delicate nod to how database big Oracle has had a lock available on the market for many years.
“Right here’s the attention-grabbing statistic no one’s taking note of: a 12 months in the past, we noticed within the knowledge that 30% of the databases weren’t created by people. For the primary time, they have been created by AI brokers. And this 12 months, the statistic is 80%,” he stated, including that he predicts this stat to extend to 99% of latest databases inside a 12 months.
“There’s a brand new consumer. The consumer is just not human. It’s an AI agent, and if we simply double down on making that consumer persona profitable, that’s the wedge to disrupt that TAM,” he stated.
As for a way Lakebase will differentiate from Supabase and others already constructing Postgres-based databases for brokers, Ghodsi stated the bottom line is “separated compute and storage.”
By untying the expensive compute from the lower-cost storage, Databricks can affordably let customers create many databases. “As a result of these brokers are tremendous quick. They simply spin up plenty of databases, a lot sooner than people can, however you don’t need to go bankrupt since you’re doing that,” he defined.
The second challenge Databricks will likely be investing closely in is AI agent platform Agent Bricks, additionally launched in June. “Everyone’s tremendous targeted on superintelligence,” Ghodsi stated. “However that’s not what we want in organizations.”
Fairly than synthetic basic math geniuses or cancer-curing scientists, what firms want are brokers that may reliably deal with, unaided, mundane duties like onboarding workers or answering customized questions on HR advantages.
“I believe that’s a a lot greater alternative, truly, for the worldwide GDP and for organizations,” he stated. He believes that such focus will give Agent Bricks a aggressive benefit.
He additionally raised the additional money so Databricks can get into the AI poaching wars. “As you recognize, it’s fairly costly to rent AI expertise proper now,” he stated, smiling.
We’re at all times trying to evolve, and by offering some perception into your perspective and suggestions into iinfoai and our protection and occasions, you possibly can assist us! Fill out this survey to tell us how we’re doing and get the prospect to win a prize in return!
