Databricks is set to raise fresh capital through a Series K round, pushing its valuation past $100 billion as demand for enterprise AI surges
The company plans to channel the funds into AI-focused acquisitions, scaling its database Lakebase, and expanding its AI agent platform Agent Bricks
CEO Ali Ghodsi says strong investor appetite reflects Databricks’ pivotal role in helping global corporations turn enterprise data into AI-powered apps and agents
Databricks on Tuesday announced that the data and AI company has signed a term sheet for its Series K round, which it expects to close soon with backing from existing investors. This funding values the company at more than $100 million valuation.
The company is expected to use the fresh capital for acquisitions in artificial intelligence space, as corporations and governments rush to leverage efficiencies from the nascent across the globe. In addition, Databricks stated that it will use the new capital to expand Agent Bricks, investing in its new database offering Lakebase, and fueling global growth.
Agent Bricks, launched at the Data + AI Summit in June 2025, builds high quality and production AI agents optimised to enterprise data. On the other hand, Lakebase is a new type of operational database, built on open source Postgres, and optimised for AI Agents.
“We are seeing tremendous investor interest because of the momentum behind our AI products, which power the world’s largest businesses and AI services,” said Ali Ghodsi, cofounder and CEO of Databricks.
He believes that every company can securely turn its enterprise data into AI apps and agents to grow revenue faster, operate more efficiently, and make smarter decisions with less risk. According to him, Databricks is already benefitting from an unprecedented global demand for AI apps and agents.
“We are thrilled this round is already over-subscribes and to partner with strategic, long-term investors who share our vision for the future of AI,” Ghodsi added.
In April, the company also announced its plan to invest $250 million in India over the next three years, as it ramped up research, skilling, and hiring efforts in one of its fastest-growing markets.
During the same time, the San Francisco-headquartered data and AI company had also launched the India Data + AI Academy, with a goal to train 500,000 partners and customers over the next three years.
The company also inaugurated a new 105,000-square-foot R&D facility in Bengaluru’s Bagmane Capital Park. The center serves as a key node in Databricks’ global R&D network, which includes locations in Amsterdam, Belgrade, Berlin, San Francisco, Mountain View, and Seattle.
In under two years, the Bengaluru center has grown to over 100 engineers, and the company also planned to hire 100 more R&D professionals to bolster its capabilties.
