Ali Ghodsi, Co-founder and CEO of Databricks, speaking at the Data and AI Summit in July. Image: Databricks
The data and AI company’s valuation has jumped from $134bn to $190bn in just six months.
San Francisco’s Databricks has closed a $5bn strategic funding round led by Coatue at a $190bn valuation. The company said the fresh funds will drive continued innovation across Lakebase, its database warehousing product, Genie, its “AI coworker” and its Unity AI Gateway for multi-AI governance and cost controls.
Blackstone and MGX joined Coatue in this round, and new investors included Sixth Street Growth, BOND, Clearlake Capital, Point72, Premji Invest, and TPG, joining existing investors like Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company and Thrive Capital.
“Enterprises don’t just want AI that talks,” said Ali Ghodsi, co-founder and CEO of Databricks. “They want agents working across their business that remember context, deliver accurate answers, and execute work without blowing through their budgets.
