Databricks Closes $5 Billion Funding Round at $190 Billion Valuation

Databricks has closed a $5 billion funding round at a $190 billion valuation, the company announced on Thursday, August 13, 2026. The San Francisco-based data and AI platform said the new capital will be used to expand its enterprise AI capabilities, particularly products designed to help businesses build and manage AI agents. The valuation represents a 42% increase from the $134 billion figure recorded just six months prior.

The funding round was led by Coatue Management, with participation from Blackstone, MGX, T. Rowe Price, and Sixth Street Growth as a new investor. Other new investors included BOND, Clearlake Capital, Point72, Premji Invest, and TPG. Existing investors such as Andreessen Horowitz, Dragoneer, Goldman Sachs Alternatives, and Thrive Capital also participated. The company had initially disclosed the round on July 16 at a $188 billion valuation after signing a term sheet. CEO Ali Ghodsi said the higher final figure reflects a larger amount raised and additional shares issued during the process.

The financing arrives as Databricks reported crossing a $7 billion annualized revenue run rate, with year-over-year growth exceeding 80% in its second quarter. The...