Databricks is in advanced talks to complete a new funding round that would value the data-analytics software provider at about $100 billion, according to people familiar with the matter. The prospective valuation represents a 61 percent jump from the company’s last financing in December 2024, when it was valued at $62 billion. The round is expected to be co-led by Thrive Capital, with Andreessen Horowitz also planning to participate, the people said. A $100 billion price tag would position Databricks among the world’s most highly valued privately held software companies, underscoring robust investor demand for firms that help enterprises manage and analyze data for artificial-intelligence applications. Final terms, including the total capital to be raised, have not yet been disclosed.