Aug 13 : Databricks said on Thursday it had closed a $5 billion strategic funding round at a $190 billion valuation as the data and AI software company looks to expand investments in products for AI agents.The round was led by Coatue with participation from Blackstone, MGX, accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management and new investor Sixth Street Growth.The company also said it had surpassed a $7 billion annualized revenue run-rate, delivering more than 80 per cent year-over-year growth in the second quarter.Databricks, which helps enterprises analyze data and build AI applications, competes with Snowflake and is widely regarded by analysts as one of the most prominent private companies likely to pursue an eventual initial public offering, alongside OpenAI and Anthropic.
Databricks valued at $190 billion in latest funding round
Aug 13 : Databricks said on Thursday it had closed a $5 billion strategic funding round at a $190 billion valuation as the data and AI software company looks to expand investments in products for AI agents.The round was led by Coatue with participation from Blackstone, MGX, accounts advised by T. Rowe Price A
TL;DRAI
Databricks raised $5B at $190B valuation, hitting $7B ARR with 80% YoY growth, scaling AI agents for enterprises. As an IPO frontrunner, the round signals market consolidation around unified data+AI platforms for production-grade AI agent development.
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