Databricks reportedly in talks to raise funding at a $130B+ valuation

Data intelligence giant Databricks is said to be in talks to secure new funding, just months after its most recent funding round.

According to a report from The Information, the company is exploring a fresh round that would value it at no less than $130 billion. Although conversations are underway, no term sheet has been finalised yet, the report notes.

Such a deal would mark a valuation jump of at least 30% from the $100 billion valuation Databricks reached during its $1 billion Series K extension in September.

At the time, co-founder and CEO Ali Ghodsi told TechCrunch the capital was earmarked to support two major initiatives:

• A database designed for AI agents, and

• The company’s AI agent platform.

Ghodsi highlighted that the database industry — worth roughly $105 billion in annual revenue — has remained essentially unchanged for decades. But the shift toward AI-generated data is accelerating fast.

“A year ago, 30% of databases were created by AI agents rather than humans,” Ghodsi said. “This year, that number is 80%.”

In May, Databricks acquired open-source database startup Neon in a $1 billion deal — one of the early moves that sparked a broader wave of consolidation in the database market.

Databricks declined to comment on the new fundraising discussions.

This story has been updated to reflect details from the company’s previous funding round more accurately.