Just nine months after raising a whopping $10 billion (and $5 billion in debt) in January, Databricks confirmed an additional $1 billion increase at a $100 billion valuation.
When rumors of promotions were first broken last month, Databricks CEO Ali Ghodsi told TechCrunch that the company was using the funds to invest in the Supabase-Competitor database for AI agents.
“A year ago, we saw in our data that 30% of our databases were not created by humans,” Ghodsi said. “For the first time, they were created by AI agents. This year, the statistics are 80%.”
The round was co-led by Threvive (Joshua Kushner, founder of Ghodsi Counts Thrive, as a personal friend) and was co-led by one of Insight Partners, an early investor at Databricks. The company also jointly leads its previous $10 billion.
Insight Partners Managing Director John Wolff said in a statement emailed to TechCrunch that he saw firsthand that Databricks marched directly to $4 billion in its annual recurring revenue.
“We've seen many of our portfolio companies employ Databricks,” says Wolff.