Databricks Closes $5 Billion Financing at a $190 Billion Valuation

SAN FRANCISCO — August 13, 2026 — Databricks has closed $5 billion in strategic financing at a $190 billion post-money valuation after passing a $7 billion revenue run rate and reporting year-over-year growth above 80%. Coatue led the round, with Blackstone, MGX and T. Rowe Price participating and Sixth Street Growth joining as a new investor.

The financing expands on a July term sheet that valued the data and AI company at $188 billion. Databricks plans to invest in products that help enterprises govern model access, build agent applications on operational data and make internal business context available to AI systems.

Investment priorities across the enterprise AI stack

Databricks identified Unity AI Gateway, Lakebase and Genie as important areas for expansion. Unity AI Gateway is designed to route workloads among models while applying usage policies and budgets. Lakebase provides a serverless Postgres database for software created by agents and has crossed a $100 million revenue run rate. Genie is intended to let AI systems work with governed business context held across an enterprise.

Chief executive and cofounder Ali Ghodsi said the financing reflects customer demand for AI infrastructure and gives the company additional capacity for hiring and acquisitions. Product and company information is available at the official Databricks website.

Planned uses of the financing

• Expand Unity AI Gateway controls for model routing, policy and token spending.
• Develop Lakebase for operational applications created and used by AI agents.
• Improve Genie access to governed enterprise definitions and data context.
• Increase hiring in engineering, product and customer deployment roles.
• Pursue selected acquisitions that strengthen the company's data and AI platform.

Enterprise adoption is moving toward governed infrastructure

Companies testing generative AI increasingly need to decide which model handles a task, how costs are assigned and which data an agent may access. A collection of disconnected pilots can produce duplicated spending and inconsistent controls. Databricks is positioning its platform as a common layer across those choices while competing with Snowflake, Oracle and other enterprise data providers.

The financing gives Databricks room to invest before a public offering. The company said its annualized revenue has exceeded $7 billion, providing a larger operating base than many private technology businesses. Execution will be measured through product adoption, infrastructure economics, security and the ability to convert experimentation into production workloads.

About Databricks

Databricks is a data and artificial intelligence company founded by the original creators of Apache Spark. Its platform combines data engineering, analytics, machine learning and governance for organizations developing data-intensive and AI applications.