Databricks Raises $5 Billion at $190 Billion Valuation as AI Demand Surges to $15 Billion Interest
10 Sources
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Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.
There's a funny kind of game that the latest of late-stage startups must play when raising money. They often have to sell more shares than they want or risk offending some of their existing VCs. This scenario recently played out with AI big-data company Databricks and its latest $5 billion raise
[2]
Databricks raises $5 billion at $190 billion valuation in 2026
The data and AI company also crossed a $7 billion revenue run rate, growing more than 80% year over year in its second quarter Databricks closed a $5 billion funding round at a $190 billion valuation on Thursday, with proceeds earmarked for investment in products designed to help businesses build
[3]
Databricks valuation hits $190bn after second $5bn raise in 2026
The data and AI company's valuation has jumped from $134bn to $190bn in just six months. San-Francisco's Databricks has closed a $5bn strategic funding round led by Coatue at a $190bn valuation. The company says the fresh funds will drive continued innovation across Lakebase, its database
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Databricks raises another $5B after annualized revenue tops $7B
Databricks Inc. today announced that it has raised $5 billion in funding at a $190 billion valuation. The round was led by Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth. The funds were joined by more than a half dozen other backers, most of which are returning investors. The
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AI firm Databricks valued at $190 billion as it bags $5 billion in funding
The funding comes six months after Databricks was valued at about $134 billion in a previous round, as investor demand for companies tied to the AI boom remains strong. Databricks said on Thursday it had raised $5 billion at a $190 billion valuation, as the data and artificial intelligence
[6]
Databricks Raises $5B In Latest Funding Round, Discloses Latest Financial Performance Stats
The fast-growing data and AI tech company's annual revenue run rate surpassed $7 billion in Q2, representing 80 percent year-over-year growth. Data and AI platform developer Databricks has raised $5 billion in a new strategic funding round that boosts the company's valuation to $190 billion, the
[7]
Databricks Raises $5 Billion at $190 Billion Valuation Amid AI Frenzy
Databricks has closed a fresh $5 billion strategic financing at a $190 billion valuation, as the AI company surpassed a $7 billion revenue run-rate, growing more than 80% year over year in its fiscal second quarter. Coatue led the round with participation from Blackstone, MGX, accounts advised by
[8]
Databricks Raises $5 Billion to Expand Enterprise AI Agent Platform | PYMNTS.com
The new valuation is up from the $134 billion at which it was valued in a February funding round and the $62 billion at which it was valued in a January 2025 funding round. Databricks will use the new funding to support continued development of its serverless Postgres database for AI agents,
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Databricks Grows >80% YoY, Surpasses $7B Revenue Run-Rate, Scales Lakebase, Genie, and Unity AI Gateway
Closes $5 billion strategic funding at a $190 billion valuation, led by Coatue, along with Blackstone, MGX, T. Rowe Price, and new investor Sixth Street Growth Databricks today announced it crossed a $7 billion revenue run-rate, delivering >80% year-over-year growth during its Q2. Building on this
[10]
Databricks valued at $190 billion in latest funding round
Aug 13 (Reuters) - Databricks said on Thursday it had closed a $5 billion strategic funding round at a $190 billion valuation as the data and AI software company looks to expand investments in products for AI agents. The round was led by Coatue with participation from Blackstone, MGX, accounts
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Databricks closed a $5 billion strategic funding round led by Coatue at a $190 billion valuation, marking its second $5 billion raise in six months. The data and AI company surpassed $7 billion in annualized revenue with over 80% year-over-year growth as investor demand for AI infrastructure intensifies.
Databricks Secures $5 Billion in Oversubscribed Funding Round
Databricks closed a $5 billion strategic funding round at a $190 billion valuation, with the data and AI company initially planning to raise just $1 billion before overwhelming investor interest pushed the round significantly higher
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. Co-founder and CEO Ali Ghodsi revealed that investor demand reached $15 billion from a select group of backers, forcing the company to issue more stock than originally intended to avoid offending long-term investors1
. The round was led by Coatue, with participation from Blackstone, MGX, accounts advised by T. Rowe Price, and new investor Sixth Street Growth2
. Additional new investors included BOND, Clearlake Capital, Point72, Premji Invest, and TPG, alongside existing backers like Andreessen Horowitz, Dragoneer, Goldman Sachs Alternatives, and Thrive Capital2
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Source: Silicon Republic
Databricks Valuation Jumps $56 Billion in Six Months
The latest funding round marks Databricks' second $5 billion raise in 2026, with the Databricks valuation surging from $134 billion in February to $190 billion
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. The San Francisco-based AI infrastructure provider has raised $20 billion over the past 20 months, demonstrating sustained investor confidence in companies tied to the AI boom1
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. Thomas Laffont, co-founder of Coatue, highlighted that Databricks has compressed research and development timelines that traditionally took years into months, operating more like a research lab than a typical software company3
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Source: CXOToday
Revenue Growth Driven by AI Agent-Enabling Products
Databricks surpassed a $7 billion annualized revenue run-rate in its second quarter, reflecting more than 80% year-over-year growth while maintaining positive cash flow on an adjusted basis for the past 12 months
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. The company's Lakehouse data warehousing business surpassed a $1.5 billion revenue run-rate with year-over-year growth exceeding 100%2
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. Lakebase, the database for AI agents launched in June 2025, crossed the $100 million revenue run-rate threshold1
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. More than 1,000 customers are consuming over $1 million in annualized revenue, with more than 100 consuming over $10 million2
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Strategic Investment in AI-Focused Products and Acquisitions
Databricks will direct the funding toward three AI-focused products: Lakebase, a database for AI agents; Genie, an AI assistant that draws on business data; and Unity AI Gateway, a platform for managing model use and controlling costs
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. Ali Ghodsi emphasized that enterprises want agents working across their business that remember context, deliver accurate answers, and execute work without excessive costs2
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. The data and AI company acquired Electric DB Inc. this week, which developed PGlite, a lightweight PostgreSQL database optimized for AI agent sandboxes4
. Databricks plans to combine PGlite with Lakehouse to enable customers to sync records between AI agents' local databases and Lakehouse environments4
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Source: Benzinga
Rising AI Computing Costs Drive Demand for Cost Controls
Ghodsi told CNBC that rising AI computing costs are driving demand for Databricks' cost-control tools and open-source model options, with clients growing more open to Chinese AI models as token expenses climb
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. The company maintains multi-billion dollar cloud commitments with all three major hyperscalers and operates an AI research team of 100 people in a highly competitive area1
. Unity AI Gateway, which became generally available last week, creates a centralized catalog of a company's AI models and enables administrators to track metrics such as inference-related infrastructure usage4
. Founded in 2013, Databricks works with over 20,000 organizations and 70% of the Fortune 500, including Adidas, AT&T, Bayer, Block, Mastercard, and Unilever3
. While Ghodsi confirmed that an eventual public offering remains part of the plan, he downplayed urgency around timing, stating that the company wants to focus on investing in AI without the distraction of public markets2
.References
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