Databricks, the Data and AI company, has signed a term sheet for its Series K round, expected to close soon with support from existing investors, valuing the company at over $100 billion. The funding will drive expansion of Agent Bricks, Databricks’ AI agent platform optimized for enterprise data, and Lakebase, its new open-source Postgres-based operational database designed for AI agents.
Co-founder and CEO Ali Ghodsi emphasized that the capital will accelerate global growth, deepen AI research, and support acquisitions. The announcement follows new partnerships with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. With over 15,000 customers worldwide, Databricks continues to expand its Data Intelligence Platform, enabling organizations to transform enterprise data into AI-powered applications and agents.
