Databricks is seeking new investment based on a corporate value of $188 billion. The secured funds are planned to be invested in strengthening the multi-AI strategy, enhancing core products, research and development, and corporate acquisitions.

Databricks announced on the 20th that it is pursuing an investment round led by existing investor Coatue, with participation from new and existing investors.

They announced that they have completed the signing of the Term Sheet and plan to finalize the process this summer.

The primary targets for the funds secured through this investment are three products.

Unity AI Gateway is a multi-AI governance solution that enables enterprises to manage multiple AI models and related costs in an integrated manner.

Genie is an AI solution that provides reliable answers and assists in task execution based on corporate data, and Lakebase is a serverless PostgreSQL database specialized in AI agent development.

Databricks explained that it plans to further enhance the technological maturity of all three products.

Databricks assessed that the separation of data and AI, as well as the difficulty of securing cost, security, and reliability, are emerging as common challenges in the process of enterprise-wide AI adoption.

The company stated that its platform integrates data and AI into a single environment and simultaneously supports cost and access control management as well as the provision of business context.

Ali Ghodsi, co-founder and CEO of Databricks, stated, “Companies are now transitioning from ‘Tokenmaxxing’ to ‘Valuemaxxing.’ Rather than applying top-performing models to every task, it is becoming increasingly important to utilize AI in ways that generate high business value relative to cost.”" he said.

He added, “We will use the secured funds to strengthen our multi-AI strategy and continue to develop Unity AI Gateway, Genie, and Lakebase.”

Databricks announced that it plans to use the funds from this investment not only to expand its AI business but also to acquire related companies and strengthen its R&D capabilities.