Databricks Raises $5 Billion at $190 Billion Valuation

Databricks has closed a $5 billion strategic funding round at a valuation of $190 billion, as the data and artificial intelligence software company ramps up investment in products designed for AI agents. The round was led by Coatue and included participation from Blackstone, MGX, T. Rowe Price and new investor Sixth Street Growth.

The company said its annualized revenue run-rate has surpassed $7 billion, with revenue growing more than 80% year over year in the second quarter. Databricks provides enterprises with tools to analyze data and develop AI applications, competing with companies such as Snowflake.

The latest funding further strengthens Databricks’ position among the world’s most valuable private technology companies. Analysts widely view the company as a potential future IPO candidate, alongside OpenAI and Anthropic, as demand for enterprise AI continues to accelerate.

Pic Courtesy: google/ images are subject to copyright