"The database market is $105 billion of TAM [total addressable market], of revenue, sitting there, kind of unaffected in the last 40 years,"
"Here's the interesting statistic nobody's paying attention to: a year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%."
Databricks is holding conversations to raise a funding round that would value the company at a minimum of $130 billion. The company has not signed a term sheet. That potential valuation would be at least 30% higher than the $100 billion valuation from the $1 billion Series J in August. The Series J was raised to fund a database for AI agents and an AI agent platform. CEO Ali Ghodsi stated the database market represents a $105 billion total addressable market and that AI agents created 30% of databases last year and 80% this year. Databricks acquired Neon for $1 billion in May. The company did not immediately respond to requests for confirmation.
Read at TechCrunch
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