"Databricks is proving that point: the data intelligence company has just raised more than $4 billion in a Series L funding round at a $134 billion valuation - up 34% from the $100 billion valuation that it achieved just three months ago. This is Databricks' third major venture fundraise in less than a year, and it comes as the company focuses on building products that address the needs of the AI revolution: a database for AI agents,"
"The company is investing heavily in its database for AI agents, known as Lakebase, which is based on the open source database Postgres (enabled by the $1-billion acquisition of a startup called Neon), and is aimed at corporate developers' vibe-coding projects. Meanwhile, its AI agent platform, Agent Bricks, is aimed at helping businesses build and deploy AI agents that can tap into their data."
Databricks raised more than $4 billion in a Series L funding round at a $134 billion valuation, up 34% from $100 billion three months earlier. The company has completed three major venture fundraises in less than a year while prioritizing AI-focused products. Databricks is building Lakebase, a Postgres-based database for AI agents enabled by the $1 billion Neon acquisition. The company is developing Agent Bricks, an AI agent platform to build and deploy agents that access corporate data. Databricks also struck large deals with Anthropic and OpenAI to offer their models in enterprise products. Run-rate revenue exceeds $4.8 billion, with over $1 billion from AI products.
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