Databricks CEO says fresh $1B will help him attack a new AI database market

Databricks, a data analytics company, has raised $1 billion in a new funding round, pushing its valuation to $100 billion. The round was co-led by Insight Partners and Thrive. CEO Ali Ghodsi stated that the fresh capital will be used to target a new AI database market, which he believes is an untapped and enormous opportunity. Databricks plans to leverage its expertise in data analytics and machine learning to develop and market a specialized AI database solution. The company's platform enables businesses to unify their data, analytics, and AI workflows, and the new funding will allow Databricks to further expand its offerings and reach new customers in the rapidly growing AI market. The successful funding round highlights the strong investor interest in Databricks' technology and its potential to disrupt the database market with its AI-focused approach. The company's ambitious plans to dominate the AI database space will be closely watched in the coming years.