Databricks announced on the 20th that it has signed a term sheet for a Series K investment. This investment is expected to be finalized soon with the participation of existing investors, and Databricks is valued at over $100 billion (approximately 139 trillion won).
Databricks plans to accelerate its AI strategy through this investment. The main goals are to expand its new solution, "Agent Bricks," develop the new databases product "Lakebase," and secure resources for global growth.
"Agent Bricks" supports the automatic construction of AI agents optimized for corporate data, while "Lakebase" is a next-generation operational databases specifically designed for running AI agents, based on open-source Postgres. Additionally, this investment will also be used to enhance acquisitions and research in the AI sector.
Ali Ghodsi, co-founder and Chief Executive Officer (CEO) of Databricks, noted, "AI products are supporting the AI services of major corporations worldwide and continue to grow rapidly," adding, "Given that this investment has already recorded oversubscription, we look forward to collaborating with strategic long-term investors who share the vision for the future of AI."
Databricks has expanded its partnerships with Microsoft, Google Cloud, SAP, and Palantir, and currently over 15,000 organizations worldwide are utilizing the Databricks data intelligence platform.