Databricks Announces Over $4B in Funding at $134B Valuation to Accelerate Enterprise AI Platform

Databricks has secured more than $4 billion in a Series L funding round, valuing the data intelligence company at $134 billion, a 34% increase from its $100 billion valuation just three months ago. The round was led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, with participation from major global investors including Andreessen Horowitz, BlackRock, Blackstone, Coatue, GIC, NEA, Temasek, and others.

Led by co-founder and CEO Ali Ghodsi, Databricks is doubling down on AI-driven enterprise infrastructure, including Lakebase, its Postgres-based database for AI agents following the $1 billion acquisition of Neon, alongside its Agent Bricks platform for building and deploying AI agents. The company reported $4.8 billion in run-rate revenue, up 55% year over year, with more than $1 billion generated from AI products. The new capital will also support global hiring and expanded AI research.

Featured image: Credit: Databricks