Simply 9 months after elevating a whopping $10 billion (plus $5 billion in debt) in January, Databricks has confirmed one other $1 billion elevate at a $100 billion valuation.
When rumors of the elevate first broke final month, Databricks CEO Ali Ghodsi instructed TechCrunch that the corporate is utilizing the funds to put money into its Supabase-competitor database for AI brokers.
“A yr in the past, we noticed within the information that 30% of the databases weren’t created by people,” stated Ghodsi. “For the primary time, they had been created by AI brokers. And this yr, the statistic is 80%.”
The spherical was co-led by Thrive (Ghodsi counts Thrive’s founder Jared Kushner as a private good friend) and one among Databricks’ early traders, Perception Companions. The companies co-led the earlier $10 billion, too.
Perception Companions Managing Director John Wolff tells TechCrunch in an emailed assertion that it has seen first-hand how Databricks marched to $4 billion in annual recurring income.
“We’ve got seen a lot of our portfolio corporations undertake Databricks,” Wolff stated.