# Databricks valuation reaches $190 billion

> Live situation record from CLSTR: https://clstr.news/situations/databricks-fundraising-and-valuation-surge
> Updated: 2026-08-14T08:16:20.000Z. Sources: 15. Developments: 3.

Databricks has maintained rapid valuation growth throughout 2026, driven by high demand for enterprise AI infrastructure. In early June, the company entered talks for a fundraising round that aimed for a valuation between $165 billion and $175 billion, following a $134 billion valuation earlier in the year. During this period, the firm reported a revenue run-rate of $5.4 billion, with AI-related revenue exceeding $1.4 billion.

On 17 July 2026, Databricks disclosed a strategic financing round that reaffirmed a $188 billion valuation. Led by existing backer Coatue, the round involved roughly $3 billion in new capital intended for acquisitions and the expansion of its AI portfolio, including the Genie AI-assistant suite, the Unity AI Gateway, and the Lakebase serverless Postgres database.

By mid-August 2026, the company’s valuation rose to $190 billion following a $5 billion funding round led by Coatue and Blackstone, with participation from MGX, Sixth Street Growth, T. Rowe Price, Point72, and TPG. This latest capital injection follows significant financial growth, with an annualized revenue run rate exceeding $7 billion—representing more than 80% year-over-year growth. 

Specific business segments have also seen rapid expansion: the Lakehouse data warehousing business has surpassed a $1.5 billion revenue run rate, growing over 100% annually, while the Lakebase serverless Postgres database has exceeded a $100 million revenue run rate. CEO and co-founder Ali Ghodsi stated that the capital will be used to fund “expensive AI infrastructure and research,” with plans to deepen investments in enterprise AI agent products.

## Timeline

### 2026-08-14: Databricks raises $5 billion at $190 billion valuation

Databricks has raised $5 billion at a $190 billion valuation, driven by a $7 billion revenue run rate and rapid expansion in AI infrastructure and data warehousing products.

4 sources. https://clstr.news/cluster/databricks-reaches-190-billion-valuation-after-5-billion-funding-round

### 2026-07-17: Databricks secures $188 billion valuation in new strategic funding round

Databricks secured a $188 billion valuation in a strategic round led by Coatue, adding about $3 billion, to fund AI products Genie, Unity AI Gateway, and Lakebase, and to pursue acquisitions.

8 sources. https://clstr.news/cluster/databricks-secures-3-billion-funding-valuation-jumps-to-188-billion

### 2026-06-09: Databricks plans $165‑$175 B valuation in upcoming fundraising round

Databricks is preparing a new fundraising round that could value it at $165‑$175 billion, up from $134 billion, as its revenue hits $5.4 billion with strong AI growth.

2 sources. https://clstr.news/cluster/databricks-plans-165175-b-valuation-in-upcoming-fundraising-round

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Cite as: Databricks valuation reaches $190 billion. CLSTR, https://clstr.news/situations/databricks-fundraising-and-valuation-surge