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

Knowledge intelligence firm Databricks is reportedly already in talks to lift contemporary capital, only a few months after its final fundraise.

Databricks is holding conversations to lift a funding spherical that values the corporate at a minimal of $130 billion, in accordance with reporting from The Info. The corporate hasn’t signed a time period sheet but, the report added.

That might show a valuation bump of at the very least 30% over the $100 billion price ticket Databricks achieved in its $1 billion Collection J funding spherical in August.

On the time, Databricks co-founder and CEO Ali Ghodsi informed Trendster that the corporate raised the spherical to fund two particular initiatives: a database for AI brokers and its AI agent platform.

“The database market is $105 billion of TAM [total addressable market], of income, sitting there, type of unaffected within the final 40 years,” Ghodsi informed Trendster on the time. “Right here’s the attention-grabbing statistic no one’s being attentive to: a yr in the past, we noticed within the knowledge that 30% of the databases weren’t created by people. For the primary time, they have been created by AI brokers. And this yr, the statistic is 80%.”

Databricks purchased open-source database startup Neon for $1 billion in Could, which was one of many first transactions that kicked off a wave of consolidation within the database house.

Databricks didn’t instantly reply to a request for affirmation and extra data.