Databricks: $5B Funding Fuels Enterprise AI Agent Platform Growth

Databricks has raised $5 billion to expand its enterprise AI agent platform. This new funding will support the continued development of its serverless Postgres database for AI agents, Lakebase, its AI coworker, Genie, and its gateway for multi-AI governance and cost controls, Unity AI Gateway. Databricks also announced it has surpassed a $7 billion revenue run-rate and delivered 80% year-over-year growth in the second quarter. The company's co-founder and CEO, Ali Ghodsi, stated that enterprises want AI agents working across their business, and Databricks offers the necessary foundation. This latest funding round was led by Coatue. The company's new valuation is up from a previous $134 billion. This investment shows significant confidence in Databricks' AI strategy and its ability to meet market demands for AI solutions.