Databricks raises $5B at $190B valuation

Published Aug 13, 05:20 PM UTC

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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.

Source

Yahoo FinanceWestern

Original headline: Databricks raises $5 billion at $190 billion valuation in 2026

Original language: EN-US

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