Databricks

AI Infrastructure · Data Platforms · Enterprise Software

Funding

Databricks raises $5B at $190B valuation, doubling since February

Its revenue run-rate topped $7 billion with 80% growth, giving investors confidence to keep the company private rather than pursue an IPO.

• Databricks closed a $5 billion strategic funding round led by Coatue Management at a $190 billion valuation, up 42% from $134 billion just six months earlier.
• Databricks sells data and AI platform software that helps enterprises build and manage AI agents, spanning its Lakehouse warehouse, Lakebase database, Genie assistant and Unity AI Gateway.
• Databricks surpassed a $7 billion annualized revenue run-rate in its fiscal second quarter, up more than 80% year-over-year, while staying adjusted free-cash-flow positive over the past 12 months.
• Its newer Lakebase database for AI-agent workloads has already crossed a $100 million revenue run-rate, while the core Lakehouse warehousing product hit $1.5 billion, growing over 100% year-over-year.
• This marks Databricks' second $5 billion raise in 2026 alone, and the company has already exceeded public rival Snowflake's market value while continuing to delay a widely expected IPO.
• Databricks' willingness to raise mega-rounds at ever-higher valuations rather than go public signals how much private capital is chasing AI infrastructure winners before they ever ring a public bell.