Data intelligence company Databricks is reportedly already in talks to raise fresh capital, just a few months after its last fundraise.
Databricks is holding conversations to raise a funding round that values the company at a minimum of $130 billion, according to reporting from The Information. The company hasn’t signed a term sheet yet, the report added.
That would prove a valuation bump of at least 30% over the $100 billion price tag Databricks achieved in its $1 billion Series J funding round in August.
At the time, Databricks co-founder and CEO Ali Ghodsi told TechCrunch that the company raised the round to fund two specific projects: a database for AI agents and its AI agent platform.
“The database market is $105 billion of TAM [total addressable market], of revenue, sitting there, kind of unaffected in the last 40 years,” Ghodsi told TechCrunch at the time. “Here’s the interesting statistic nobody’s paying attention to: a year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%.”
Databricks bought open-source database startup Neon for $1 billion in May, which was one of the first transactions that kicked off a wave of consolidation in the database space.
Databricks did not immediately respond to a request for confirmation and more information.
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