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Databricks CEO says fresh $1B will help him attack a new AI database market
The round, which pushes Databricks' valuation to $100B, was co-led by Insight Partners and Thrive. CEO Ali Ghodsi says he's found an enormous untapped AI agent market to spend the funds.
Databricks, best known for its data analytics products, refrained from selling even more equity because it didn’t need cash for operations after its once record-breaking$10 billion raise at a $62B valuation in January, according to the source. Lakebase, which is based on the open source database Postres, is enterprise-grade and supports corporate developers’ vibe coding projects. Rather than artificial general math geniuses or cancer-curing scientists, what companies need are agents that can reliably handle, unaided, mundane tasks like onboarding employees or answering personalized questions about HR benefits.
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