Databricks, a data and artificial intelligence software company, has raised $5 billion in a funding round at a $190 billion valuation. The round was led by existing investors Coatue, Blackstone, MGX, and accounts advised by T. Rowe Price, along with new investor Sixth Street Growth.
Raised in latest funding round at $190 billion valuation.
The San Francisco-based company, founded in 2013, surpassed a $7 billion annualized revenue run-rate and posted more than 80 per cent year-over-year revenue growth in the second quarter. Databricks remained cash-flow positive on an adjusted basis over the last 12 months.
Databricks will use the funding to invest in products including its Lakebase database, Genie AI assistant, and Unity AI Gateway platform. Lakebase has exceeded a $100 million revenue run-rate, while the company's Lakehouse data warehousing business surpassed a $1.5 billion revenue run-rate.
The company competes with Snowflake, and its recent Lakebase database launch also pits it against incumbents like Oracle and SAP. In March, Databricks entered the cybersecurity market with its Lakewatch software.
Six months prior to this round, Databricks was valued at approximately $134 billion. In that previous round, the company also raised $5 billion in funding and $2 billion in new debt capacity.
Databricks is widely viewed as a candidate for a future stock market listing. Analysts regard it as one of the most prominent private companies likely to pursue an eventual initial public offering, alongside OpenAI and Anthropic. The company ranked No. 3 on CNBC's 2026 Disruptor 50 list.
