Databricks in Talks for New Funding Round, Could Reach $130B Valuation
Word on the street is that Databricks, the data intelligence powerhouse, might be gearing up for another round of funding. And get this – we're talking about a potential valuation of at least $130 billion! Just a few months ago, they were valued at $100 billion after their Series J funding round. Things are moving fast!
If the rumors are true, that's quite the jump in valuation. I mean, who wouldn't want to be in their shoes? Apparently, this new funding could be channeled into some seriously cool projects. According to what Databricks co-founder and CEO Ali Ghodsi said some time ago, they're eyeing a database specifically for AI agents and their AI agent platform.
Think about it: the database market is gigantic, but it hasn't seen much disruption in decades. But get this - Ghodsi pointed out that a huge percentage of databases are now being created by AI agents. It makes you wonder where things are heading, doesn't it?
We've already seen Databricks making moves in the database arena. Remember their acquisition of Neon, the open-source database startup? That was a pretty big deal and might've even sparked a wave of consolidation in the industry. While Databricks hasn't officially confirmed these funding talks, it's definitely something to keep an eye on.
Source: TechCrunch