Databricks wraps $5 billion funding round at $190 billion valuation

Databricks raises $5 billion at $190 billion valuation in 2026

Databricks raised $5B at $190B valuation on $7B revenue (+80% YoY), investing in Lakebase for AI agents and cost-management tools. Token costs push enterprises toward multi-model governance and open-source—signaling enterprise AI requires cost discipline and model diversification.