Just nine months after raising a whopping $10 billion (plus $5 billion in debt) in January, Databricks has confirmed another $1 billion raise at a $100 billion valuation.
When rumors of the raise first broke last month, Databricks CEO Ali Ghodsi told TechCrunch that the company is using the funds to invest in its Supabase-competitor database for AI agents.
“A year ago, we saw in the data that 30% of the databases were not created by humans,” said Ghodsi. “For the first time, they were created by AI agents. And this year, the statistic is 80%.”
The round was co-led by Thrive (Ghodsi counts Thrive’s founder Jared Kushner as a personal friend) and one of Databricks’ early investors, Insight Partners. The firms co-led the previous $10 billion, too.
Insight Partners Managing Director John Wolff tells TechCrunch in an emailed statement that it has seen first-hand how Databricks marched to $4 billion in annual recurring revenue.
“We have seen many of our portfolio companies adopt Databricks,” Wolff said.
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