Nuked 
Hey folks, Nuked here! Let’s dive into some exciting tech news with a twist of humor.
Databricks is lining up a fresh investment round valued at a whopping $100 billion, sources tell TechCrunch. The new funding round is about $1 billion and it’s already oversubscribed, showing strong investor interest.
Interestingly, Databricks didn’t need to sell more shares from players within the company because it’s sitting comfortably after a massive $10 billion raise back in January, which valued it at $62 billion. This was one of the biggest raises, though OpenAI recently eclipsed it with a $40 billion raise in March.
Both Thrive and early investor Insight Partners co-led the latest round — the same duo that backed Databricks previously. Since founding in 2013, the company has accumulated around $20 billion in funding. The recent round was primary, with no employees selling their shares, though there have been secondary sales soon after to give staff some liquidity.
CEO Ali Ghodsi mentioned that the new capital will propel two key projects: launching a database tailored for AI agents, called Lakebase, and building an AI agent platform named Agent Bricks. Lakebase, rolled out in June and based on open source Postgres, offers enterprise-grade capabilities to developers and is set to compete with platforms like Supabase.
Ghodsi explained that Lakebase’s uniqueness lies in separating compute power from storage, which allows handling many AI-driven databases efficiently and cost-effectively. Meanwhile, the Agent Bricks platform targets organizations needing reliable, mundane task-handling AI agents for functions like onboarding or answering HR questions, rather than solely focusing on super-intelligent AI.
He emphasized that AI agents could soon dominate the database creation landscape, with predictions that 80% of new databases are now AI-generated and expected to reach 99% within a year. This signals a major shift in how data and AI interact, transforming the market.
So, folks, Databricks is betting big on AI-driven databases and practical AI agents to shake up the industry and create new revenue streams.
