Data analytics giant Databricks is reportedly in advanced discussions to secure fresh funding at a staggering $134 billion valuation. Sources familiar with the matter indicate the company's latest capital raise could mark one of the most significant private market deals in the tech sector this year.

This eye-watering valuation puts Databricks in rarefied territory, positioning it among the most valuable private companies globally. The figure represents substantial growth from previous funding rounds and signals continued investor appetite for enterprise data infrastructure platforms.

For context, a $134 billion price tag would place Databricks ahead of many established public tech firms. The company specializes in data lakehouse architecture and unified analytics, serving enterprises navigating increasingly complex data environments. Its platform has become critical infrastructure for organizations processing massive datasets—a trend accelerating across both traditional tech and emerging Web3 ecosystems.

The timing is notable. While broader market conditions remain choppy, top-tier infrastructure plays continue attracting premium valuations. Databricks' positioning at the intersection of AI development and data management makes it particularly attractive as companies race to deploy machine learning capabilities.

No official confirmation has emerged yet, and deal terms could still shift. But if completed at this valuation, it would cement Databricks' status as a dominant force in enterprise data infrastructure heading into what many expect to be a transformative period for data-intensive applications.