Databricks raises $5 billion as valuation jumps to $190 billion

Anabelle Colaco
14 Aug 2026, 22:34 GMT+10

Databricks has secured $5 billion in fresh funding at a $190 billion valuation, marking a sharp increase in the data and artificial intelligence software company's value
The latest funding comes six months after Databricks was valued at about $134 billion in a previous round, as investor demand for companies linked to the AI boom remains strong
The round was led by existing investors Coatue, Blackstone, MGX and accounts advised by T. Rowe Price, along with new investor Sixth Street Growth

SAN FRANCISCO, California: Databricks has secured $5 billion in fresh funding at a $190 billion valuation, marking a sharp increase in the data and artificial intelligence software company's value as it expands investment in products that help businesses build and manage AI applications.

The latest funding comes six months after Databricks was valued at about $134 billion in a previous round, as investor demand for companies linked to the AI boom remains strong.

The round was led by existing investors Coatue, Blackstone, MGX and accounts advised by T. Rowe Price, along with new investor Sixth Street Growth.

Databricks also said it had surpassed a $7 billion annualized revenue run-rate and recorded more than 80% year-over-year revenue growth in the second quarter. The company remained cash-flow positive on an adjusted basis over the past 12 months.

Founded in 2013, Databricks provides software that allows companies to store, manage and analyze data as well as develop AI applications. It competes with Snowflake and is widely viewed as a candidate for a future stock market listing.

The San Francisco-based company said the new funding would be used to invest in products including its Lakebase database, Genie AI assistant and Unity AI Gateway platform.

Databricks said its Lakebase product has surpassed a $100 million revenue run-rate, while its Lakehouse data warehousing business has exceeded a $1.5 billion revenue run-rate.