Data intelligence company Databricks is reportedly in early discussions to raise a new round of funding that could value the company at over $130 billion, according to The Information. The company has not yet signed a term sheet, and the round remains in the exploratory phase. This potential valuation would mark a significant increase from the $100 billion figure Databricks achieved just months earlier during its $1 billion Series J funding round in August. The new funding talks suggest strong investor confidence in the company’s trajectory, especially as it expands its role in the rapidly evolving AI landscape. At the time of its last round, Databricks co-founder and CEO Ali Ghodsi told TechCrunch the capital would be used to advance two key initiatives: the development of a database specifically designed for AI agents and the expansion of its AI agent platform. Ghodsi highlighted a striking shift in database creation, noting that while the global database market is valued at $105 billion and has seen little innovation over the past four decades, AI agents are now responsible for a growing share of database creation. He pointed out that last year, 30% of databases were generated by AI agents, a figure that has since risen to 80% this year—underscoring the urgency of building infrastructure tailored to AI-driven workflows. The company’s strategic moves have already signaled its ambitions. In May, Databricks acquired Neon, an open-source database startup, for $1 billion. That deal was one of the first major transactions in a recent wave of consolidation within the database industry, as companies seek to build AI-native data platforms. Databricks has not yet confirmed the new funding talks, and no official details have been released. The company remains focused on advancing its AI infrastructure, positioning itself at the center of the next generation of data systems.