Databricks is in advanced talks to raise fresh capital at a valuation of about $100 billion, according to multiple reports. The figure represents a 61% jump from the $62 billion price tag the data-analytics company secured in its previous round in December 2024, underscoring the premium investors are placing on businesses tied to artificial-intelligence workloads. People familiar with the negotiations said the financing is expected to be co-led by Thrive Capital, with venture firm Andreessen Horowitz also planning to take part. The size of the investment has not been disclosed, but a deal at the proposed valuation would position San Francisco-based Databricks among the most valuable privately held software companies. Databricks sells cloud software that helps enterprises organise data and build AI applications. Chief Executive Officer Ali Ghodsi has said the company is benefiting from "unprecedented" demand for AI tools as customers look to turn their data into new revenue streams. The prospective transaction adds to a flurry of outsized bets on generative-AI players. Separately, chatbot developer Anthropic is reportedly preparing to raise about $5 billion at a valuation approaching $170 billion in a round that could be led by ICONIQ Capital and Singapore’s sovereign wealth fund GIC.