Databricks Hits $190 Billion Valuation After $5B Raise
Quick Reads
- Databricks just raised $5 billion, pushing its valuation to $190 billion up from $134 billion only six months ago.
- The money will go toward AI governance tools, its Genie assistant, and Lakebase, its fast-growing database product.
- Databricks stays cash-flow positive and profitable-adjacent while it holds off on an IPO, joining OpenAI and Anthropic in no rush to go public.
Databricks has closed a $5 billion strategic funding round at a $190 billion valuation, cementing its place among the world’s most valuable private technology companies as investor appetite for artificial intelligence infrastructure shows no sign of slowing.
The San Francisco-based data and AI company announced the raise on Thursday, marking a sharp jump from the $134 billion valuation it secured just six months ago and the $188 billion figure floated when the round was first announced in July. The Databricks $190 billion valuation round was led by existing backer Coatue, with participation from Blackstone, MGX, and accounts advised by T. Rowe Price, alongside new investor Sixth Street Growth.
Databricks said it has now surpassed a $7 billion annualized revenue run-rate, posting more than 80% year-over-year growth in the second quarter while staying cash-flow positive on an adjusted basis over the past 12 months.
The Fresh Capital Will Fund Three Priority Products
Unity AI Gateway, a governance layer that routes AI workloads and controls spend; Genie, the company’s AI assistant for turning enterprise data into answers; and Lakebase, its serverless Postgres database for AI agents, which has already crossed a $100 million revenue run-rate. Its older Lakehouse warehousing product has topped $1.5 billion in run-rate revenue.
CEO Ali Ghodsi has framed the raise as preparation for an eventual public listing rather than an immediate one, keeping Databricks alongside OpenAI and Anthropic among the most closely watched IPO candidates still choosing to stay private. The company competes directly with Snowflake in the data warehousing and analytics market.
Founded in 2013, Databricks has now raised capital at a $60 billion, $100 billion, $134 billion, $188 billion and $190 billion valuation within roughly two years, underscoring just how aggressively global investors continue betting big money on enterprise AI infrastructure and the companies building it.
