Databricks Confirms New $100b Valuation On $4b Arr

In Brief

Just 9 months aft raising a whopping $10 billion (plus $5 cardinal successful debt) successful January, Databricks has confirmed different $1 cardinal raise astatine a $100 cardinal valuation.

When rumors of nan raise first collapsed past month, Databricks CEO Ali Ghodsi told TechCrunch that nan institution is utilizing nan costs to put successful its Supabase-competitor database for AI agents.

“A twelvemonth ago, we saw successful nan information that 30% of nan databases were not created by humans,” said Ghodsi. “For nan first time, they were created by AI agents. And this year, nan statistic is 80%.”

The information was co-led by Thrive (Ghodsi counts Thrive’s laminitis Jared Kushner arsenic a individual friend) and 1 of Databricks’ early investors, Insight Partners. The firms co-led nan erstwhile $10 billion, too.

Insight Partners Managing Director John Wolff tells TechCrunch successful an emailed connection that it has seen first-hand really Databricks marched to $4 cardinal successful yearly recurring revenue.

“We person seen galore of our portfolio companies adopt Databricks,” Wolff said. 

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