Databricks valuation hits $190bn after second $5bn raise in 2026

Databricks, the data and AI company, has witnessed a dramatic $56bn increase in its valuation, now standing at $190bn. This surge took place over a mere six months, with the company raising a strategic $5bn round led by Coatue. The funding will bolster Databricks' focus on innovation in three key areas: its Lakebase database warehousing product, Genie AI coworker, and the Unity AI Gateway for multi-AI governance and cost controls.

Coatue's participation in the round was joined by Blackstone, MGX, Sixth Street Growth, Bond, Clearlake Capital, Point72, Premji Invest, and TPG. Existing investors such as Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, and Thrive Capital also contributed to the infusion of capital. Ali Ghodsi, Databricks' co-founder and CEO, emphasized that businesses seek AI agents capable of remembering context, providing accurate answers, and executing tasks within budget constraints. Databricks' Lakebase, Genie, and Unity AI Gateway collectively address these requirements.

The company's financial momentum has been impressive, with an 80% year-on-year growth, surpassing a $7bn revenue run-rate. This funding round comes just six months after a previous $5bn raise, which valued Databricks at $134bn. Coatue co-founder Thomas Laffont highlighted Databricks' strategic positioning, stating that the company has been ahead of the AI curve, compressing research and development timelines that typically span years into months.

Laffont's investment firm led the round, expressing pride in continuing to collaborate with Databricks as it builds and scales AI infrastructure.

Founded in 2013, Databricks now collaborates with over 20,000 organizations, including industry giants like Adidas, AT&T, Bayer, Block, Mastercard, and Unilever. The company boasts more than 30 offices globally and employs more than 500 staff, with EMEA operations headquartered in London.