Databricks Raises $1 Billion at $100+ Billion Valuation as AI Agents Drive Database Creation to 80%
Summary
Databricks secures $1 billion funding at over $100 billion valuation as AI agents now create 80% of databases compared to just 30% a year ago, with the company reaching $4 billion in annual recurring revenue.
Key Points
- Databricks confirms a new $1 billion funding round at over $100 billion valuation, just nine months after raising $10 billion in January
- The company reaches $4 billion in annual recurring revenue as it invests heavily in database technology for AI agents
- Thrive and Insight Partners co-lead the round, with CEO Ali Ghodsi noting that 80% of databases are now created by AI agents compared to 30% a year ago