Databricks is finalizing a $1 billion round at a valuation of over $100 billion, co-led by Thrive and Insight Partners. The raise, which follows its $10 billion financing at a $62 billion valuation in January, was heavily oversubscribed. According to co-founder and CEO Ali Ghodsi, the new capital is dedicated to two core projects: the AI agent database Lakebase and the company’s AI platform Agent Bricks.
Ghodsi highlighted the growing role of AI in database creation, noting that more than 80% of new databases are now generated by AI agents rather than humans. He sees Lakebase, built on open-source Postgres with separated compute and storage, as a disruptive opportunity in the $105 billion database market. Alongside this, Agent Bricks is designed to deliver practical AI agents for enterprise workflows.
AI Insider reported on the funding earlier this week, underscoring Databricks’ central role in the accelerating AI infrastructure race.
