Databricks is reportedly exploring a new funding round that could lift its valuation to more than $130 billion, a sharp step up from the $100 billion level it secured only in September.
The Information said the data and AI specialist has held discussions with potential backers, though no term sheet has been signed. The company declined to comment, and the report has not been independently confirmed.
A fresh valuation in that range would underscore the intense investor appetite for companies seen as central to the boom in artificial intelligence.
Databricks, founded in 2013, provides tools that help organisations pull in large datasets, analyse them and build AI models. It counts about 15,000 customers across sectors, including Block, Shell and Rivian.
Its most recent $1 billion fundraising round was accompanied by guidance that annualised revenue was on course to reach $4 billion, fuelled by demand for its AI-focused products.