Databricks raises $4B+ Series L at $134B valuation for AI apps

On December 16–17, 2025, Databricks announced it is raising more than $4 billion in a Series L round valuing the company at $134 billion. Reuters reports the funding is led by Insight Partners, Fidelity and J.P. Morgan Asset Management and will be used for R&D, go‑to‑market expansion and talent retention.