Databricks is raising a Series K investment at >$100 billion valuation

Databricks has signed a Series K term sheet, valuing it at over $100 billion. The funding will accelerate its AI strategy, expanding Agent Bricks and investing in Lakebase, an AI-optimized database built on Postgres. Unveiled at the Data + AI Summit, Agent Bricks enables production AI agents trained on enterprise data. CEO Ali Ghodsi cites soaring AI demand. Databricks, with 15,000+ customers, recently partnered with Microsoft, Google Cloud, and others.