Databricks has closed a fresh $5 billion strategic financing at a $190 billion valuation, as the AI company surpassed a $7 billion revenue run-rate, growing more than 80% year over year in its fiscal second quarter.
Coatue led the round with participation from Blackstone, MGX, accounts advised by T.
Rowe Price, and new backer Sixth Street Growth.
The fresh capital will go toward building out Lakebase, Genie, and Unity AI Gateway — products it positions as core infrastructure for deploying AI agents inside large organizations.
Read Also: Cognition Eyes $40 Billion Valuation in Fresh Funding Talks Databricks CEO: 'This Round Shows Our Strategy Works' Lakebase, a serverless Postgres database designed for AI-agent workloads, has surpassed a $100 million revenue run-rate.
