Databricks announced a new funding round that will elevate its valuation to more than $100 billion. This also highlights the growing interest from investors in artificial intelligence startups.
Company Valuation
In the latest funding round, Databricks revealed plans to raise its valuation to over $100 billion, a significant increase from the previous valuation of $62 billion reached following a $10 billion funding round less than a year ago. CEO Ali Ghodsi mentioned that this round is already over-subscribed.
New Products and Initiatives
Recently, Databricks introduced its new product, Agent Bricks, aimed at creating AI agents optimized for customers' enterprise data. Lakebase, an operational database based on open source Postgres optimized for AI agents, has also been announced. These products are targeted at supporting further AI research and the development of new features.
Partnerships and Future Plans
Databricks continues to enhance its strategic partnership with Microsoft through Azure for its operations. The company has also signed a five-year deal with Anthropic to provide models and services through the Databricks Data Intelligence Platform. Such initiatives are expected to enable clients to develop more robust data-driven agents capable of handling complex tasks.
Thus, Databricks reaffirms its intentions to make significant advancements in the field of artificial intelligence, attracting substantial investments and developing new products.
