Databricks reportedly In talks To Raise funding At A $130b+ Valuation

In Brief

Data intelligence institution Databricks is reportedly already successful talks to raise caller capital, conscionable a fewer months aft its past fundraise.

Databricks is holding conversations to raise a backing information that values nan institution astatine a minimum of $130 billion, according to reporting from The Information. The institution hasn’t signed a word expanse yet, nan study added.

That would beryllium a valuation bump of astatine slightest 30% complete nan $100 cardinal value tag Databricks achieved successful its $1 cardinal Series J backing information successful August.

At nan time, Databricks co-founder and CEO Ali Ghodsi told TechCrunch that nan institution raised nan information to fund 2 circumstantial projects: a database for AI agents and its AI supplier platform.

“The database marketplace is $105 cardinal of TAM [total addressable market], of revenue, sitting there, benignant of unaffected successful nan past 40 years,” Ghodsi told TechCrunch astatine nan time. “Here’s nan absorbing statistic nobody’s paying attraction to: a twelvemonth ago, we saw successful nan information that 30% of nan databases were not created by humans. For nan first time, they were created by AI agents. And this year, nan statistic is 80%.”

Databricks bought open-source database startup Neon for $1 cardinal successful May, which was 1 of nan first transactions that kicked disconnected a wave of consolidation successful nan database space.

Databricks did not instantly respond to a petition for confirmation and much information.

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