News Summary

Databricks, a data intelligence company, has successfully raised over $4 billion in a Series L funding round, achieving a valuation of $134 billion. This marks a 34% increase from its previous valuation of $100 billion just three months ago. The funds will be used to enhance Databricks’ AI offerings, including its Lakebase database for AI agents and Agent Bricks platform for deploying AI agents. The company has also secured significant deals with AI labs like Anthropic and OpenAI to integrate their models into its enterprise products. With a reported revenue run-rate exceeding $4.8 billion, Databricks plans to expand its workforce in Asia, Europe, and Latin America, and increase its investment in AI research. The round was led by Insight Partners, Fidelity, and J.P. Morgan Asset Management, with participation from several other prominent investors.