Databricks in Talks for New Funding at Valuation Above $130 Billion

Overview

• The Information reports that Databricks is negotiating a fresh round that would value the company at more than $130 billion.
• Such a deal would mark roughly a 30% jump from the $100 billion valuation set in its $1 billion Series J round closed in late summer.
• Reuters has not independently confirmed the talks, and Databricks has not agreed to terms, according to the reporting cited by multiple outlets.
• In September, the company said it was on track for about $4 billion in annualized revenue and outlined plans focused on an AI agent database and an AI agent platform.
• Databricks has about 15,000 customers and earlier this year acquired open-source database startup Neon for $1 billion.