Databricks, the data analytics and artificial intelligence software company, is raising more than $4 billion in new funding at a valuation of $134 billion. The round marks one of the largest tech financings of the year and underscores investor confidence in Databricks’ position at the forefront of the AI and data infrastructure boom. The company has also reported that its annual revenue rate has surpassed $4.8 billion, reflecting rapid growth fueled by increasing demand for scalable data platforms that power AI development and enterprise analytics. Databricks’ technology enables organizations to unify data, machine learning, and analytics in a single environment, making it a key player in the shift toward AI-driven decision-making. The new funding will support continued investment in product innovation, global expansion, and the development of next-generation AI capabilities, including advanced generative AI tools built on its unified data and AI platform. The company has also been expanding its ecosystem through strategic partnerships and integrations with major cloud providers and enterprise software vendors. Databricks was founded in 2013 by the creators of Apache Spark, a widely used open-source data processing engine, and has since grown into a dominant force in the data and AI space. Its platform is used by thousands of organizations worldwide, including Fortune 500 companies, to manage and derive insights from massive datasets. The latest funding round brings Databricks’ total capital raised to over $7 billion and solidifies its status as one of the most valuable private tech companies in the world. With AI adoption accelerating across industries, Databricks is well-positioned to continue leading the evolution of data-centric AI infrastructure.