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Databricks Eyes $130B+ Valuation in New Funding Talks
18 Nov
Summary
- Databricks is reportedly in talks to secure new funding.
- The company is seeking a valuation exceeding $130 billion.
- This potential valuation is a significant increase from August's $100 billion.
Data intelligence firm Databricks is reportedly engaged in early-stage conversations to secure a new round of funding. The company is targeting a valuation of over $130 billion, marking a substantial increase from its previous $100 billion valuation achieved in August. These discussions signal strong investor interest in the rapidly evolving data and AI sector.
The potential new funding comes just months after Databricks successfully closed a $1 billion Series J round. At that time, CEO Ali Ghodsi indicated the capital would fuel development of a database for AI agents and its AI agent platform. Ghodsi highlighted the significant shift in database creation, with AI agents increasingly responsible for their generation.
Databricks' strategic moves include its $1 billion acquisition of open-source database startup Neon in May, a transaction that contributed to a broader trend of consolidation within the database industry. The company has not yet confirmed these funding talks, but the reported discussions underscore its aggressive growth strategy and prominent position in the AI data landscape.
