News Summary

• Databricks is in the process of closing a fresh round at a $100 billion valuation, sources confirmed to TechCrunch.
• The round was co-led by both Thrive and one of Databricks’ early investors, Insight Partners.
• The company has now raised about $20 billion since it was founded in 2013.
• This new round, however, was raised to pursue two specific projects — a database for AI agents and its AI agent platform.
• “The database market is $105 billion of TAM [total addressable market], of revenue, sitting there, kind of unaffected in the last 40 years,” CEO Ali Ghodsi said.