Databricks, the leading data and AI company based in San Francisco, has recently secured a $5 billion strategic investment round which places the company’s valuation at $190 billion. This round, publicized on August 13 2026 was First and foremost headed by Coatue, and Blackstone MGX accounts managed by T. Rowe Price, and Sixth Street Growth as a new player joined it as well, among others like Andreessen Horowitz, Thrive Capital and the rest.
This additional fund is way beyond Databrics’s former valuation, which at the highest point six months ago of that last investment, the value of the company stood at about $134 billion. Databricks’s senior leaders mentioned that the biggest reason for the increase in the raise and the higher valuation was a very strong investor appetite for AI infrastructure. The valuation climbed slightly from a previous term sheet that was put at $188 billion.
The new figure is supported by excellent performance trends. Per Databrick it has passed the $7 billion annualized revenue run rate as it has achieved year-over-year growth figures more than 80 percent during the second quarter of 2026. In addition the firm disclosed that over the past 12 months, on an adjusted basis, cash-flow has remained positive. Its main Lakehouse data warehouse has hit a $1.5 billion annual revenue and growth is well over 100 percent year on year in Lakehouse. The latest Lakebase serverless database has grown to a run rate that is over $100 million.
Databricks revealed that the number of its customers having spent more than $1 million annually have topped a thousand and there’re over a hundred such instances where the spending exceeded $10 million. The company will use the funding mainly for enhancing its products that support artificial intelligence usage at the enterprise level. They include Lakebase for AI agent workloads, the Genie AI assistant for obtaining the business context, and Unity AI Gateway for managing and directing model usage with cost control.
Ghodsi one of the founders of the company who currently holds the position of CEO has since the inception year that is 2013, turned the management, and data AI applications platform of Databricks towards becoming the premier choice of over 20,000 organizations including the Fortune 500. In fact the latest investment coincides with the ever growing investor support of AI companies and the company’s choice to stay private at Databricks instead of going public an option which Ghodsi believes would not be very successful at the moment in the current market situation.
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