AI and data analytics software company Databricks has raised $5 billion in a new funding round, pushing its valuation to $190 billion. The company's valuation has risen sharply from about $134 billion just six months ago, reflecting strong investor confidence in the rapidly growing artificial intelligence sector.
The funding round was led by Coatue, Blackstone, MGX, and accounts managed by T. Rowe Price, while Sixth Street Growth joined as a new investor. Databricks said it will use the fresh capital to accelerate the development of AI applications, expand its data management platforms, and invest in new technologies.
According to the company, its annual revenue run rate has surpassed $7 billion, while revenue in the second quarter of 2026 grew by more than 80% year-over-year. Databricks also reported positive adjusted cash flow for the previous fiscal year, highlighting its continued financial strength.
The company plans to invest the new funding in products such as Lakebase, Genie AI Assistant, and Unity AI Gateway, while further expanding its data warehousing business and strengthening its AI-powered enterprise offerings.
