Databricks Nears $100B Valuation as AI Push Gathers Momentum

Image Credit: Databricks

Databricks is closing in on a new Series K funding round that values the company at more than $100 billion, a substantial leap from the $62 billion valuation secured in December 2024, as reported by WSJ. CEO Ali Ghodsi attributes the jump to soaring investor demand for AI-enabled enterprise tools.

According to a company press release, this round, led by existing backers, will finance the expansion of Agent Bricks, which is Databricks’s AI agent platform, and Lakebase, its new operational Postgres-based database optimized for AI workflows.

The round’s demand exceeded expectations, reflecting overwhelming confidence in Databricks’s strategic direction.

TechCrunch reports the round amounts to roughly $1 billion and confirms co-leadership by Thrive Capital and Insight Partners. Notably, this raise excludes secondary sales by employees, though earlier in 2025, employees had two opportunities to offload shares or the opportunities that remained! fully tapped.

Databricks’s growth metrics mirror its rising valuation:

As of July 2025, the firm is generating approximately $3.7 billion in annualized revenue, a 50 percent increase year-on-year.

Its customer base now exceeds 15,000 organizations, spanning key names like Block, Shell, and Rivian.

The company continues to deepen product integration across its ecosystem and expand partnerships. Recent alliances include Microsoft, Google Cloud, Anthropic, SAP, and Palantir, which is positioning Databricks at the intersection of data analytics and AI infrastructure.

This latest milestone underscores a broader trend: deeply capitalized startups are staying private longer, benefiting from abundant private capital amid uncertain IPO markets.

Databricks’s ability to remain private while commanding such a valuation speaks to its strong growth trajectory and investor appeal.