News Summary

Databricks, a prominent player in data and AI infrastructure, is reportedly in discussions to raise a new round of funding, potentially valuing the company at over $130 billion. This represents a significant increase from its previous $100 billion valuation achieved during a $1 billion Series J funding round in August. The funding is aimed at advancing Databricks’ AI agent platform and database projects. The company has been actively expanding its capabilities, highlighted by the acquisition of open-source database startup Neon for $1 billion earlier this year. The move reflects the growing influence of AI in the database market, where a substantial portion of databases are now AI-generated.