Databricks Secures Series K Funding at $100 Billion+ Valuation for AI Innovation and Global Expansion

Databricks, the leading Data and AI company, has signed a term sheet for its Series K funding round, valuing the company at over $100 billion. Backed by existing investors, the investment will fuel Databricks’ ambitious AI strategy, global growth, and next-generation product development.

The fresh capital will accelerate innovations around Agent Bricks, Databricks’ enterprise-ready AI agent builder, and Lakebase, a next-generation operational database (OLTP) optimized for AI-powered applications, built on open-source Postgres. The company also plans to deepen AI research, expand global partnerships, and explore AI-driven acquisitions.

Ali Ghodsi, Co-founder and CEO of Databricks, said, “Every business can now securely transform enterprise data into AI apps and agents that drive faster revenue growth, smarter decision-making, and improved efficiency. The demand for AI solutions worldwide is at an all-time high, and Databricks is leading this transformation.”

Databricks’ momentum continues to grow, with strategic partnerships recently expanded with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. Today, over 15,000 customers globally rely on the Databricks Data Intelligence Platform to unlock the power of their enterprise data for AI, analytics, and automation.

With the new funding, Databricks aims to cement its leadership in the AI and data infrastructure market, empowering organizations worldwide to harness data for innovation, revenue growth, cost reduction, and risk mitigation.