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Databricks launched Lakebase today, a new database designed for enterprises and developers to build data applications and artificial intelligence agents on a single multi-cloud platform.
Lakebase is powered by Neon, a developer of serverless Postgres technology, which was recently acquired by Databricks for about $1B. PostgreSQL, or Postgres, is an open-source and advanced relational database management system. It can support a wide range of data types and queries.
The new offering puts Databricks in more direct competition with other major cloud database providers, such as Oracle (NYSE:ORCL), Snowflake (NYSE:SNOW), Amazon (NASDAQ:AMZN) and Microsoft (NASDAQ:MSFT). However, Databricks said Lakebase is an entirely new category of database.
“We’ve spent the past few years helping enterprises build AI apps and agents that can reason on their proprietary data with the Databricks Data Intelligence Platform,” said Ali Ghodsi, Co-founder and CEO of Databricks. “Now, with Lakebase, we’re creating a new category in the database market: a modern Postgres database, deeply integrated with the lakehouse and today’s development stacks. As AI agents reshape how businesses operate, Fortune 500 companies are ready to replace outdated systems. With Lakebase, we’re giving them a database built for the demands of the AI era.”
Lakebase was just one of an array of new offerings Databricks announced today. The company revealed Lakeflow Designer, which has no-code ETL capability that allows non-technical users to author production data pipelines using a visual drag-and-drop interface and a natural language generative AI assistant.
The company also launched Databricks One, a new product that gives all business users simple and secure access to the data and AI capabilities offered by the Data Intelligence Platform.
Databricks introduced Agent Bricks as well, which provides an automated way to create high-performing, customized AI agents for businesses.
The company expects to reach a $1B revenue run rate for Databricks SQL by next January, according to Bloomberg.
Databricks raised $10B in a Series J funding round in December 2024, which valued the company at $62B.