Databricks Joins Elite $100B Club with Latest AI Investment Round
Databricks, a leading force in data analytics, has achieved a historic milestone. The company has signed a term sheet for its Series K funding round, which values the company at over $100 billion. This places Databricks in the exclusive company of SpaceX, ByteDance, and OpenAI, as only the fourth private company to reach this valuation.
The San Francisco-based company announced on August 19, 2025, that it expects to close the round soon. With backing from existing investors, the company aims to raise over $1 billion in the process.
CEO Ali Ghodsi revealed a surge in investor interest following Figma’s successful IPO last month. He stated, “My phone was blowing up” with calls from potential investors. This represents a remarkable 61% increase from Databricks’ previous $62 billion valuation in December 2024, demonstrating the explosive growth in AI-focused companies.
The funding will accelerate Databricks’ AI strategy, with a particular focus on expanding its Agent Bricks platform and investing in Lakebase, a new database designed specifically for AI agents.
- With over 15,000 global customers, including major corporations like Block, Comcast, and Shell
- More than 60% of Fortune 500 companies
Databricks is capitalizing on unprecedented demand for AI applications and data analytics solutions. The company is projecting $3.7 billion in annualized revenue with year-over-year growth exceeding 50%.
Source: Databricks Press Release