News Summary

Databricks has confirmed a new $1 billion funding round, bringing its valuation to $100 billion, just nine months after raising $10 billion. The company, led by CEO Ali Ghodsi, is investing in a database for AI agents, which has shown that 80% of databases are now created by AI. This round was co-led by Thrive and Insight Partners, who have been significant investors in Databricks’ growth to $4 billion in annual recurring revenue.