Databricks Hits $100 Billion Valuation as AI Ambitions Attract New Funding

Databricks is reportedly raising a new Series K funding round that pushes its valuation past the $100 billion mark—just months after closing a $10 billion Series J and securing a $5.25 billion debt facility.

While the exact amount of capital raised remains undisclosed, Databricks confirmed the fresh round is aimed at accelerating its AI roadmap.

The company will channel funds into the development of Agent Bricks, a toolkit for building autonomous AI agents, as well as Lakebase, its new serverless database management system. Global expansion and strategic AI acquisitions are also on the agenda.

This latest valuation cements Databricks as one of the most valuable private AI companies, reflecting soaring investor confidence in the convergence of data infrastructure and artificial intelligence.

Despite market speculation, Databricks continues to delay an IPO, opting for flexibility and strategic secrecy. CEO Ali Ghodsi says the company will go public "when the timing makes sense.”

With over 15,000 customers and $3.7 billion in annualised revenue, Databricks is now a formidable rival to Snowflake in the battle for AI supremacy.

Earlier this year, the company revealed that it expects its data warehousing business to nearly double in size. this year, with Databricks SQL—its flagship analytics platform—on track to reach a $1 billion revenue run rate by the end of its fiscal year in January 2026, up from $600 million in December 2024,