SAN FRANCISCO, CA — August 19, 2025 — Databricks, the Data and AI company, today announced it has signed a term sheet for its Series K round, which it expects to close shortly with support from existing investors. The funding values the company at more than $100 billion.

The capital will accelerate Databricks’ AI strategy: scaling Agent Bricks, investing in its new database Lakebase, and driving global expansion. Unveiled at the June Data + AI Summit, Agent Bricks enables enterprises to build production-ready AI agents optimized for their data, while Lakebase introduces a next-generation operational database (OLTP), built on open source Postgres and tuned for AI agents. The new financing will also back future acquisitions and deepen the company’s AI research.

“We’re 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, co-founder and CEO of Databricks. “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. Databricks is benefiting from unprecedented global demand, turning companies’ data into goldmines. We’re thrilled this round is oversubscribed and to partner with long-term investors who share our vision for the future of AI.”

This funding follows a period of rapid growth and partnership expansion. In the past two quarters, Databricks has launched or deepened collaborations with Microsoft, Google Cloud, Anthropic, SAP, and Palantir. Today, more than 15,000 customers worldwide use the Databricks Data Intelligence Platform to democratize access to data and AI. Built on an open source foundation, the platform empowers organizations to innovate faster, boost revenue, lower costs, and reduce risk.

About Databricks

Databricks is the Data and AI company. More than 15,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake, MLflow, and Unity Catalog.