This round is co-led by Thrive and Insight Partners, bringing the company's total mobilized capital since its establishment in 2013 to about 20 billion USD. Unlike previous secondary rounds for employees, this is the primary round.
CEO and co-founder Ali Ghodsi said that the new capital will be invested in two key projects: Lakebase - a database for AI agents and Agent Bricks - a platform that supports AI agents in businesses.
Lakebase, launched in June, is built on open-source Postgres and aims to process AI-generated data, which currently accounts for 80% of all new databases. Ghodsi highlights Lakebases advantage of separate accounting and storage, which helps reduce costs when AI agents create a large database at a speed far surpassing humans.
Meanwhile, Agent Bricks focuses on practical applications in the organization, such as handling human resources processes or supporting the welfare department, instead of focusing on super intelligence. According to Ghodsi, this demand has much greater potential for global GDP growth.
Databricks will also use new capital to expand its AI workforce, as the recruitment race continues to fierce.
