Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation. | TechCrunch

Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation. | TechCrunch

Databricks closed $5B at $190B (investors wanted $15B vs. $1B target). ARR $7B, 80% growth. Data infrastructure is now core to AI deployment. Lakebase already $100M run-rate. Signal for CTOs: data platform decisions now shape AI stack architecture.