Databricks valued at $190 billion in latest funding round

Databricks valued at $190 billion in latest funding round

Thu, August 13, 2026 at 5:21 PM GMT+3 1 min read

• DATB.PVT

Aug 13 (Reuters) - Databricks said on Thursday it had closed ‌a $5 billion strategic funding round ‌at a $190 billion valuation as the data ​and AI software company looks to expand investments in products for AI agents.

The round was led by ‌Coatue with ⁠participation from Blackstone, MGX, accounts advised by T. Rowe ⁠Price Associates and T. Rowe Price Investment Management and new ​investor Sixth ​Street Growth.

The ​company also said ‌it had surpassed a $7 billion annualized revenue run-rate, delivering more than 80% year-over-year growth in the second quarter.

Databricks, which helps enterprises analyze ‌data and build AI ​applications, competes with ​Snowflake and ​is widely regarded by ‌analysts as one of ​the ​most prominent private companies likely to pursue an eventual initial public ​offering, ‌alongside OpenAI and Anthropic.

(Reporting by ​Rashika Singh in Bengaluru; Editing ​by Vijay Kishore)