Databricks Valued at $190 Billion in Latest Funding Round
Coatue, Blackstone and other investors led the round as Databricks said revenue run rate topped $7 billion and growth exceeded 80% in the second quarter.
- On Thursday, Databricks closed a $5 billion funding round at a $190 billion valuation as the data and artificial intelligence software company expands investments in enterprise AI applications.
- The company surpassed a $7 billion revenue run rate with more than 80% year-over-year growth, representing a 42% valuation increase from the $134 billion figure held six months ago.
- Led by Coatue, Blackstone, MGX, and Sixth Street Growth, the investment will support Unity AI Gateway, Lakebase, and Genie products targeting enterprise AI workflows.
- CEO Ali Ghodsi called 2026 a difficult year to go public, citing competition for listing capital from SpaceX, OpenAI, and Anthropic lined up to absorb roughly $200 billion.
- Databricks trades at roughly 27 times revenue versus Snowflake's 23 times; equity analyst Owen Lau at Clear Street says strong gross margins could justify the premium valuation.
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Databricks Closes $5 Billion Round at $190 Billion Valuation
Databricks has closed a $5bn round at a $190bn valuation, led by Coatue, with revenue run-rate past $7bn and growth above 80% year on year. That is a 42% valuation increase in six months, and it comes after chief executive Ali Ghodsi called 2026 a bad year to go public. Databricks has closed $5bn at […] This story continues at The Next Web
Databricks Raises $5 Billion at a $190 Billion Valuation
Databricks Inc. has secured $5 billion in funding at a valuation of $190 billion, the second round of financing this year for a fast-growing software firm that competes with Snowflake Inc. and Alphabet Inc.
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 w...
Channel News Asia
Times of IndiaAI firm Databricks valued at $190 billion as it bags $5 billion in funding
Aug 13 : Databricks said on Thursday it had raised $5 billion at a $190 billion valuation, as the data and artificial intelligence software company looks to expand investments in products that help businesses build and manage AI applications.The funding comes six months after Databricks was valued at about $1
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