Databicks is in the means of closing a fresh round with a valuation of $ 100 billion, sources confirmed for TechCrunch. The round was originally reported by Wall Street Journal.
The source knowing the contract says only TechCrunch that the new round is about $ 1 billion and has been extremely overwritten. Databicks, best known for his analytical products, refrained from selling even greater capital, because he didn’t need money for activities after once a breakthrough increase in $ 10 billion at $ 62 billion in January, in line with the source. (Since then, Opeli has moved a record with an increase in $ 40 billion in March).
TechCrunch learned that the round was run by each Thrive and one of the first Databicks, Insight Partners investors. These two firms also ran the last round. The company has now collected about $ 20 billion since its foundation in 2013.
It was a basic round, which suggests that it didn’t cover employees selling their shares. However, sources much like the company say that Databicks already had two secondary rounds for employees in 2025. These offers allowed employees to sell as much as 40%, 50%or 60%of their shares, depending on the size of their shares.
In each cases, in line with the source, full funds available for the secondary round weren’t maximum, which suggests that employees maintained more shares than they may sell. Although Databicks apparently is not in a hurry with IPO, employees had the last two probabilities to pay the shares.
This new round, nonetheless, was raised to proceed two specific data-detectors for AI agents and its AI Agent-Slaver and District Director of Databicks Ali Ghodysi said in an interview with TechCrunch.
The company will invest a lot in a database for AI agents, because of which it is generally available to all customers. Launched a product generally known as lakebase, in June at an annual technology conference. Lakebase, based on Open Source Postgres, is an assessment of enterprises and supports projects encoding the atmosphere of corporate programmers. This makes Supabase a competitor.
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“The database market is $ 105 billion there [total addressable market]From revenues, sitting there, in a sense intact in the last 40 years, “said Ghodyi TechCrunch, nodded a subtle nod in the way Oracle’s database giant has had a blockade on the market for many years.
(*1*) he said, adding that it predicts that this statistics will increase to 99% of new databases per 12 months.
“There is a new user. The user is not human. He is an AI agent, and if we simply double that this personality is a success, it is a wedge to interfere with this one,” he said.
As for how lakebase will be different from Supabase and other postgres based databases for agents, Ghodysi said that the key is “separated calculations and storage.”
By not setting out expensive calculations from cheaper memory, Databicks may allow users to create many databases. “Because these agents are super fast. They just turn on many databases, much faster than people can, but you don’t want to go bankrupt because you do it,” he explained.
The second Databicks project will be a lot of investment, also AI agent agent bricks, also Launched in June. “Everyone focuses on superintelligence,” said Ghodysi. “But this is not what we need in organizations.”
Instead of artificial genius of general mathematics or scientists draining with cancer, what firms need are agents that can reliably cope, unwavering, mundane tasks, akin to the implementation of employees or answering personalized questions about the advantages of HR.
“I think it is a much larger opportunity for global GDP and for the organization,” he said. He believes that such focus will give agents bricks of a competitive advantage.
He also collected more money so that Databicks could get to AI poaching wars. “As you know, employing AI’s talent is quite expensive,” he said with a smile.