Databricks Raises $5 Billion at $190 Billion Valuation Amid AI Boom
Databricks, a San Francisco-based data and AI company, closed a $5 billion funding round on August 13, 2026, at a $190 billion valuation, up from $134 billion six months prior. Led by Coatue and including Blackstone, MGX, T. Rowe Price, and Sixth Street Growth, the round reflects sustained investor demand for AI. The company reported over $7 billion in annualized revenue with 80%+ year-over-year growth. Proceeds will fund AI agent products like Lakebase, Genie, and Unity AI Gateway. Databricks remains private, delaying an IPO due to abundant private funding.
Editorial responsibility
- No named human review is recorded for this page.
- Reports are grouped by semantic similarity and deterministic rules. Language models may assist titles, summaries, translation and cross-source analysis; the page itself is projected from evidence records.
- Current automated evidence projection
Cross-source coverage
Wire timeline
Databricks raises $5B at $190B valuation after investor demand far exceeded initial $1B target
Databricks, the AI and big-data company, raised $5 billion at a $190 billion valuation, settling between its initial $1 billion target and the $15 billion in investor interest that flooded in after a news leak. CEO Ali Ghodsi told TechCrunch that an article published during a company conference triggered a wave of inbound investor calls, forcing the company to sell more shares than planned to avoid alienating existing backers. The round was led by Coatue, Blackstone, MGX, T. Rowe Price accounts, and new investor Sixth Street Growth. Databricks reported $7 billion in annualized revenue growing 80% year-over-year, is cash-flow positive, and cited expensive AI research, multi-billion-dollar cloud commitments, and active M&A as reasons for raising capital. The company has raised $20 billion over the past 20 months.
Databricks raises $5 billion at $190 billion valuation in 2026
Databricks announced a $5 billion funding round on August 13, 2026, at a $190 billion valuation, led by Coatue and including Blackstone, MGX, T. Rowe Price, and Sixth Street Growth. The San Francisco-based data and AI company reported crossing a $7 billion annualized revenue run rate with over 80% year-over-year growth. Proceeds will be directed toward three AI agent-focused products: Lakebase (a database for AI agents), Genie (an AI assistant), and Unity AI Gateway (a model management platform). CEO Ali Ghodsi highlighted rising AI computing costs driving demand for cost-control tools and open-source models, noting CFOs are concerned about token expenses. The round comes about six months after a previous $5 billion raise at a $134 billion valuation. Ghodsi indicated an IPO remains part of the plan but cited public market distractions as a reason for no immediate urgency.
Databricks raises $5 billion at $190 billion valuation in 2026
Databricks closed a $5 billion funding round at a $190 billion valuation on August 13, 2026, led by Coatue and including Blackstone, MGX, T. Rowe Price, and Sixth Street Growth among others. The San Francisco-based data and AI company reported crossing a $7 billion annualized revenue run rate in Q2, reflecting over 80% year-over-year growth, with more than 1,000 customers consuming over $1 million annually. Proceeds will fund three AI-focused products: Lakebase (database for AI agents), Genie (AI assistant), and Unity AI Gateway (model management platform). CEO Ali Ghodsi cited enterprise demand for AI agents and rising AI computing costs as key drivers, noting that CFOs are concerned about token expenses. The company has maintained positive adjusted cash flow for 12 months. This round comes about six months after a $5 billion raise at a $134 billion valuation. Ghodsi indicated an eventual IPO remains planned but not urgent due to public market distractions.
Show 3 older updatesHide older updates
AI firm Databricks valued at $190 billion as it bags $5 billion in funding
Databricks, a data and AI software company, announced on August 13, 2026, that it raised $5 billion in a funding round, valuing the company at $190 billion. This marks a significant increase from its $134 billion valuation six months earlier, reflecting sustained investor demand for AI-related companies. The round was led by existing investors Coatue, Blackstone, MGX, and T. Rowe Price, along with new investor Sixth Street Growth. Databricks reported surpassing a $7 billion annualized revenue run-rate and over 80% year-over-year revenue growth in the second quarter, while remaining cash-flow positive on an adjusted basis. Founded in 2013, the San Francisco-based company competes with Snowflake and is considered a candidate for a future IPO. Proceeds will be used to invest in products like its Lakebase database, Genie AI assistant, and Unity AI Gateway platform. Lakebase has exceeded a $100 million revenue run-rate, and its Lakehouse data warehousing business surpassed $1.5 billion.
Databricks valued at $190 billion in latest funding round
Databricks announced on August 13, 2026, that it closed a $5 billion strategic funding round, valuing the data and AI software company at $190 billion. The round was led by Coatue with participation from Blackstone, MGX, accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management, and new investor Sixth Street Growth. The company also reported surpassing a $7 billion annualized revenue run-rate, with over 80% year-over-year growth in the second quarter. Databricks helps enterprises analyze data and build AI applications, competing with Snowflake. Analysts view it as one of the most prominent private companies likely to pursue an eventual initial public offering, alongside OpenAI and Anthropic.
Databricks Raises $5 Billion at $190 Billion Valuation Amid AI Boom
Databricks, a private data analytics and AI company, announced on Thursday the closure of a $5 billion funding round at a $190 billion valuation, a significant increase from its $134 billion valuation just six months prior. The company reported crossing a $7 billion revenue run rate with over 80% year-over-year growth in its second quarter. Databricks is capitalizing on the agentic AI wave, helping enterprises build AI agents using proprietary data. The company has surpassed public rival Snowflake in market value and is expanding into new verticals, including databases with Lakebase (competing against Oracle and SAP) and cybersecurity with Lakewatch. Databricks joins a growing list of private companies delaying IPOs due to abundant private market funding, even as SpaceX's IPO and confidential filings by Anthropic and OpenAI signal potential market activity.