Global data, analytics, and AI firm Databricks is in the midst of a Series K funding round that surpasses $1 billion, with an anticipated valuation poised to exceed $100 billion. This milestone would propel Databricks into the elite circle of the world's most valuable "unicorns" among unlisted startups. The company, which specializes in big data processing, offers services encompassing data storage, analysis, and AI model training. Its innovative "data lakehouse" concept optimizes the entire data lifecycle, from storage to querying and analysis. The CEO noted that, amidst the robust investor enthusiasm, the company might postpone its IPO plans and has the potential to evolve into a trillion-dollar enterprise in the future.