Databricks Valuation Jumps to $190B After $5B Financing Round

Databricks closes $5B strategic round led by Coatue, hitting $190B valuation. CEO cites $7B annual revenue run rate and 80% YoY growth, signaling robust AI infrastructure demand.

Woofun AI reports that Databricks has finalized a $5 billion strategic financing round led by Coatue, with participation from Blackstone, MGX, T. Rowe Price, and new investor Sixth Street Growth. The transaction sets the company's post-funding valuation at $190 billion, surpassing the previously disclosed $188 billion figure. Capital will be deployed to expand AI infrastructure capabilities, accelerate product development, and pursue potential mergers and acquisitions. Co-founder and CEO Ali Ghodsi stated that the company's annual revenue run rate now exceeds $7 billion, reflecting year-on-year growth of over 80%. Regarding AI Agent infrastructure, Databricks anticipates significant growth in AI-generated software scale, asserting that every AI application will require database support.