Databricks, the data intelligence and AI-driven analytics company, has closed a $4 billion Series L funding round, pushing its valuation to US$134 billion. The new valuation represents a 34% increase from the US$100 billion valuation the company achieved just three months ago, highlighting the rapid growth and investor confidence in its expanding AI business.
The company, known for its lakehouse platform that unifies data warehousing, AI, and machine learning, plans to use the fresh capital to scale AI initiatives, expand global operations, and enhance product offerings. The funding round attracted participation from top-tier investors, reflecting the market’s growing appetite for companies that combine big data, cloud analytics, and generative AI capabilities.
Databricks’ recent growth has been fueled by increasing enterprise adoption of its AI-powered analytics tools, which enable businesses to streamline workflows, gain predictive insights, and accelerate decision-making. Analysts say the company is now positioned as one of the leading private AI and data platforms globally, competing closely with other major cloud and AI providers.
