Databricks raises $1B to target untapped AI agent database market
Databricks has secured a new $1 billion funding round, boosting its valuation to $100 billion. Led by Insight Partners and Thrive Capital, the investment aims to accelerate development of AI-native databases tailored for intelligent agents. CEO Ali Ghodsi sees immense opportunity in enabling AI agents to process and retrieve data more efficiently, a segment he believes is underserved. The funding will also strengthen Databricks’ lead in enterprise AI and expand its product ecosystem.
This marks a strategic shift in AI infrastructure, as demand increases for data systems optimized for autonomous agents.
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