Databricks secures $5 billion funding, reaching $190 billion valuation

Aug 13, 2026

AI Summary

Databricks has completed a $5 billion funding round, increasing its valuation to $190 billion. The company reported over $7 billion in revenue run rate and plans to enhance its enterprise AI capabilities with the new funds.

Databricks closed a $5 billion funding round, raising its valuation to $190 billion.
The company reported a revenue run rate exceeding $7 billion and an 80% year-over-year growth in its second quarter.
The funding will be used to support enterprise AI initiatives, including the Unity AI Gateway governance tool and the Genie agentic tool.
This funding round follows a previous $5 billion raise and $2 billion in debt capacity at a $134 billion valuation six months prior.
Databricks has delayed going public, focusing on private funding opportunities, amidst a volatile IPO market.
Founded in 2013, Databricks specializes in helping companies build AI applications using proprietary data.
The company has surpassed public competitor Snowflake in market value and is expanding into new verticals, including a recent Lakebase database launch.
Databricks' Lakehouse data warehousing tool has achieved a revenue run rate of over $1.5 billion, while its Lakewatch software marks its entry into cybersecurity.
The funding round was led by Coatue, Blackstone, MGX, T. Rowe Price, and Sixth Street Growth.

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Databricks secures $5 billion funding, reaching $190 billion valuation

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