Databricks closed a $5 billion funding round on August 13, 2026, at a $190 billion valuation, up from $134 billion six months earlier. The San Francisco data and AI company also reported a revenue run rate above $7 billion and more than 80% year-over-year growth in its second quarter. The figures show how quickly its business and private valuation have expanded.
Key Takeaways
- Databricks closed a $5 billion funding round on August 13 at a $190 billion valuation.
- The valuation rose from $134 billion in February, when the company reported a $5.4 billion revenue run rate.
- Databricks said second-quarter revenue grew more than 80% year over year and its annualized revenue run rate exceeded $7 billion.
- Lakebase has passed a $100 million revenue run rate, while Lakehouse has passed $1.5 billion.
Databricks has put a new price on one of the faster-growing private enterprise software companies tied to artificial intelligence.
The company said that it closed a $5 billion strategic funding round at a $190 billion valuation. Coatue led the round, with Blackstone, MGX, T. Rowe Price-advised accounts and Sixth Street Growth among the participating backers.
The financing follows a February transaction that valued Databricks at $134 billion. That earlier update also put its revenue run rate above $5.4 billion, making the August announcement notable for both the higher valuation and the reported pace of business growth.
Databricks Reaches $190B Six Months After $134B
The move from $134 billion to $190 billion represents an increase of about 42% in Databricks’ private valuation over roughly six months. During the same period, the company’s reported revenue run rate increased from more than $5.4 billion to more than $7 billion.
Revenue run rate is not the same as audited annual revenue. It annualizes the current pace of business, making it a useful operating indicator but not a substitute for full-year financial statements.
The August round also finalized a process that had been disclosed in July. Databricks said on July 16 that it had signed a term sheet for funding at a $188 billion valuation. The completed transaction ultimately placed the company at $190 billion.
The shift is even clearer against the company’s December 2025 position. At that time, Databricks announced a Series L round at a $134 billion valuation and said its revenue run rate had crossed $4.8 billion. By February, the equity financing had reached about $5 billion, alongside roughly $2 billion in additional debt capacity.
AI Products Move to the Center of Databricks Expansion
Databricks said the new capital will support continued development of Lakebase, Genie and Unity AI Gateway. All three products are tied to the company’s effort to connect business data with AI applications and agents.
Lakebase is a serverless Postgres database built for AI agents, and Databricks said it has surpassed a $100 million revenue run rate. Genie allows employees to work with business data through natural-language requests, while Unity AI Gateway is designed to manage access, governance and costs across multiple AI models.
The focus reflects a wider move toward enterprise AI systems that connect directly with corporate data and operating workflows. That pattern is also visible in broader enterprise AI deployment, where large technology providers are placing more emphasis on implementation, data control and model choice.
Databricks CEO Ali Ghodsi framed the strategy around business use rather than conversational AI alone. “Enterprises don’t just want AI that talks. They want agents working across their business,” he said in the August announcement.
Cost controls are also becoming a larger part of enterprise AI adoption. Businesses can face expenses tied to cloud infrastructure, storage, cybersecurity, integration and model usage, making rising workplace AI costs relevant to the demand for governance tools that track and manage usage.
Revenue Growth Adds Context to the Valuation
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The $190 billion valuation is the headline figure, but Databricks’ reported revenue metrics provide a clearer view of the operating business behind it.
The company said second-quarter revenue grew more than 80% from a year earlier and that its annualized revenue run rate exceeded $7 billion. It also reported more than $1.5 billion in revenue run rate from Lakehouse, its data warehousing product, and more than $100 million from Lakebase.
Databricks also said it remained adjusted free-cash-flow positive over the previous 12 months. Because the company remains privately held, those figures are company-reported rather than part of the regular financial disclosures required from a U.S.-listed public company.
Its enterprise distribution has expanded at the same time. In July, Databricks and Microsoft extended their partnership into the 2030s. Microsoft said Databricks would increase its use of Azure Databricks and Azure Cobalt infrastructure while the companies deepen integrations across Microsoft products.
The agreement places Databricks within a larger enterprise technology environment where customers may already use Microsoft cloud, analytics and workplace systems. It also supports the company’s effort to bring data, databases, AI tools and governance controls into connected enterprise workflows.
As of August 13, Databricks was reporting a $190 billion private valuation, a revenue run rate above $7 billion, more than 80% second-quarter growth and positive adjusted free cash flow over the prior 12 months. Together with the Lakebase and Lakehouse run rates, those figures provide the clearest measurable context for the company’s latest $5 billion financing.
Frequently Asked Questions
How Much Did Databricks Raise in August 2026?
Databricks said it closed a $5 billion strategic funding round on August 13, 2026. The transaction valued the company at $190 billion.
What Is Databricks Valued At?
Databricks was valued at $190 billion in the August funding round. That was up from the $134 billion valuation attached to its financing earlier in 2026.
How Fast Is Databricks Growing?
The company said second-quarter revenue grew more than 80% year over year and its revenue run rate exceeded $7 billion. Those are company-reported operating metrics rather than audited full-year revenue.
Which Databricks Products Are Receiving More Funding?
Databricks highlighted Lakebase, Genie and Unity AI Gateway as key areas for continued development. The products focus on databases for AI agents, natural-language access to business data and multi-model governance and cost controls.
