Databricks announced on August 13, 2026 that it closed a $5 billion strategic funding round at a $190 billion valuation1. The round was led by Coatue, along with Blackstone, MGX, accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management, and new investor Sixth Street Growth1. The company is private, so this is a private-round valuation rather than a market capitalization.
Databricks crossed a $7 billion revenue run-rate, delivering over 80% year-over-year growth during its Q21, and reported positive adjusted free cash flow over the past 12 months1. Lakehouse, its data warehousing product, surpassed a $1.5 billion revenue run-rate while growing over 100% year over year, and Lakebase, its serverless Postgres database for AI agents, exceeded a $100 million revenue run-rate1. More than 1,000 customers consume at over $1 million revenue run-rate, and more than 100 at over $10 million1.
The capital is directed at Lakebase, the AI coworker Genie, and Unity AI Gateway for multi-AI governance and cost controls1. Co-founder and CEO Ali Ghodsi said enterprises do not just want AI that talks — they want agents working across their business that remember context, deliver accurate answers, and execute work without blowing through their budgets1.
Sources
- Databricks Grows >80% YoY, Surpasses $7B Revenue Run-Rate, Scales Lakebase, Genie, and Unity AI Gateway - Databricks press release (August 13, 2026)