Data Bricks just announcing a new $5 billion funding round at a $134 billion valuation, making it now the fifth largest private company in the U.S.

Our Durdibosa has more on the numbers in today's tech check.

Morning, Dee.

Hey, good morning, Carl.

So, Data Bricks, if you're not familiar, it's the plumbing behind the AI economy.

It takes the messy data inside the world's biggest companies and makes it usable for AI.

It's financials. They underpin the latest round that they shared with us.

$5.4 billion in revenue run weight. That is 65% growth year over year.

It's also showing us what the AI economy looks like under the hood. Now, even more

interesting than those funding numbers, this number really jumped out to me. 80% of databases on

their platform are now being built by AI agents, not people. These are not tech companies either,

not just tech companies, their MasterCard, AT&T, Mercedes. It means that more software is being created

inside the world's biggest companies than ever before, and AI is doing the building.

Now, this has two major implications for the AI trade at large. One, this is fuel for the software

bears, the IGV software ETF. It's down more than 20% so far this year. Monday.com. Down 22% today alone,

as its full year outlook disappointed. And Workday CEO just stepped down after its stock lost

nearly half its value over the past year. Now, Databricks numbers, they pour gas on that fire.

If companies can use AI to build more software internally, the moat around traditional SaaS vendors starts to shrink.

Now, it doesn't mean that workday is going away, but the tools are getting better and cheaper, faster, and non-tech companies are using them.

Second, this is a big data point for the AI infrastructure bulls.

If agents are building this much software,

the demand for compute, for chips for the infrastructure underneath, that is all real, even if the

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