Databricks has raised over $4 billion in a Series L funding round, pushing its valuation to $134 billion, up 34% from just three months ago. The data intelligence company, which has completed three major venture rounds in under a year, is focusing heavily on AI-driven enterprise products.
The company’s portfolio includes Lakebase, a Postgres-based database for AI agents, Agent Bricks, a platform for building and deploying AI agents, and Databricks Apps, which support enterprise data and AI applications. Partnerships with AI labs Anthropic and OpenAI allow the integration of advanced AI models into its enterprise offerings.
Databricks reported a run-rate revenue of more than $4.8 billion, up 55% year-over-year, with over $1 billion attributed to AI products. The new capital will support product development, expansion into Asia, Europe, and Latin America, hiring thousands of employees, and onboarding additional AI researchers.
The round was led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, with participation from Andreessen Horowitz, BlackRock, Blackstone, Coatue, and other major investors, highlighting strong confidence in Databricks’ AI-driven growth strategy.
