Databricks is closing a $1 billion funding round at a $100 billion valuation, sources told TechCrunch, in a deal co-led by Thrive and Insight Partners. The raise was heavily oversubscribed but capped as the company said it did not need extra capital for operations following its $10 billion round earlier this year.
The San Francisco-based analytics firm has now raised about $20 billion since its founding in 2013. Unlike recent secondary offerings that allowed employees to sell shares, the latest round is entirely primary, keeping ownership within the company.
Chief Executive Ali Ghodsi said the new funds will support two key projects: Lakebase, an enterprise-grade Postgres-based database designed for AI agents, and Agent Bricks, an automation platform for corporate tasks. He highlighted the shift in database creation as a signal of disruption. “A year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%,” he said, predicting the figure could rise to 99% within a year.
Ghodsi added that separating compute from storage in Lakebase will allow companies to scale databases affordably as AI agents rapidly spin them up. Meanwhile, Agent Bricks aims to provide organizations with practical AI tools for onboarding employees and answering HR queries, rather than pursuing superintelligence. The company also plans to invest in recruiting AI talent amid rising industry competition.
