The rounds were also raised in order to pursue two specific projects: the database for AI agents and its AI agents platform, Databricks, co-founded and CEO Ali Ghodsi, reported for TechCrunch in an interview.
The company will also invest heavily in its database for AI agents, making them generally available to all customers. In June, at its annual conference, it also launched Lakebase. Lakebase is based on the open source database Postgres, and it's an enterprise-grade database that supports corporate developers’ video-coding projects. This makes it a competitor to Supabase.
Ghodsi reported for TechCrunch, giving a subtle nod to how database giant Oracle has had in the past, and said that “The database market is $105 billion of TAM [total addressable market], of revenue, sitting there, kind of unaffected in the last 40 years.”
He also said that adding that he predicts this stat to increase to 99% of news databases within a year. “Here’s the interesting statistic nobody’s paying attention to: a year ago, we saw in the data that 30% of the databases were not created by humans. For the first time, they were created by AI agents. And this year, the statistic is 80%.”
He also said, “There’s a new user. The user is not human. It’s an AI agent, and if we just double down on making that user persona successful, that’s the wedge to disrupt that TAM,”.
More so, by untangling the pricey compute from the lower-cost storage, Databricks can also affordably let users create many databases, “Because these agents are super fast. They just spin up lots of databases, much faster than humans can, but you don’t want to go bankrupt because you’re doing that,”, reported TechCrunch.
