Databricks Raises $5 Billion at $190 Billion Valuation for AI Agent Development
Databricks, a data analytics company, closed a $5 billion funding round on Thursday at a valuation of $190 billion. The funds are designated for investment in products that assist businesses in building and managing AI agents. This significant capital infusion reflects the soaring demand for AI agent technologies in the enterprise sector.
Key facts
- Databricks raised $5 billion in a funding round.
- The valuation is $190 billion.
- The funding round closed on Thursday.
- Proceeds will be used for AI agent products.
- The investment targets businesses building and managing AI agents.
- The demand for AI agents is described as soaring.
Entities
Institutions
- Databricks
Sources
- Quartz —