tech

December 16, 2025

Databricks raises $4B at $134B valuation as its AI business heats up

The data intelligence company has just raised more than $4 billion in a Series L funding round at a $134 billion valuation — up 34% from the $100 billion valuation that it achieved just three months ago.

Databricks raises $4B at $134B valuation as its AI business heats up

TL;DR

  • Databricks raised over $4 billion in a Series L funding round.
  • The company's valuation increased to $134 billion, a 34% rise from three months prior.
  • This is Databricks' third major funding round in less than a year.
  • Focus is on building products for the AI revolution: a database for AI agents (Lakebase), an AI agent platform (Agent Bricks), and apps for data/AI applications.
  • Lakebase is based on the open-source Postgres and enhanced by the acquisition of Neon.
  • Agent Bricks aims to help businesses build and deploy AI agents.
  • Databricks has deals with Anthropic and OpenAI to offer their models in enterprise products.
  • Run-rate revenue exceeds $4.8 billion, with over $1 billion from AI products.
  • New capital will fund customer AI app and agent building, using Lakebase, Databricks Apps, and Agent Bricks.
  • Funds will also be used to create thousands of new jobs in Asia, Europe, and Latin America, and hire AI researchers.
  • The round was led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, with participation from other major investors.

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