Databricks is reportedly in talks to raise funding at a valuation of more than $130 billion

Data intelligence company Databricks is reportedly already in talks to raise new funding, just months after raising its last one.

The Information reports that Databricks is in talks to raise a funding round that would value the company at least $130 billion. The company has not yet signed a term sheet, the report added.

This would prove a valuation increase of at least 30% above the $100 billion price tag that Databricks achieved in its $1 billion Series J funding round in August.

At the time, Databricks co-founder and CEO Ali Ghodsi told TechCrunch that the company raised the money to fund two specific projects: a database for AI agents and an AI agent platform.

“The database market has been there, with $105 billion in TAM (Total Addressable Market) revenue, and it’s been largely untouched for the last 40 years,” Ghodsi told TechCrunch at the time. “Here’s an interesting statistic that no one pays attention to: A year ago, data showed that 30% of databases were not created by humans. For the first time, databases were created by AI agents. And this year, the statistic is 80%.”

Databricks acquired open source database startup Neon for $1 billion in May. This was one of the first deals that sparked a wave of consolidation in the database space.

Databricks did not immediately respond to requests for confirmation and further information.