Woofun AI reports that data and AI enterprise Databricks has advanced a strategic investment round valued at $188 billion, with Coatue leading the participation of new and existing investors. The company has signed the relevant term sheet and expects to finalize the investment process this summer.

Databricks stated that financing proceeds will primarily strengthen its AI strategy, advancing core technologies including Unity AI Gateway, Genie, and Lakebase. A portion of the funds is also allocated for AI-related mergers and acquisitions, alongside R&D capability enhancement.