Databricks Hits $190 Billion Valuation as CEO Says AI Demand Is “Crazy”

TLDR

• Databricks closed a $5 billion funding round at a $190 billion valuation on Thursday
• The valuation is a 42% jump from its $134 billion valuation just six months ago
• Revenue run rate has crossed $7 billion, with over 80% year-over-year growth in Q2
• The round was led by Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth
• Databricks continues to delay its IPO as private market funding remains plentiful

Databricks closed a $5 billion funding round on Thursday at a $190 billion valuation, marking a 42% increase from the $134 billion valuation it carried just six months ago.

Today, we’re pleased to share strong momentum across our business, including crossing $7B in revenue run-rate and achieving >80% year-over-year growth in Q2.

We also shared:
• >$100M revenue run-rate for Lakebase
• >$1.5B revenue run-rate for Lakehouse
• Closed $5B in new… pic.twitter.com/mVfdmR5Wlc

- Databricks (@databricks) August 13, 2026

The San Francisco-based company had signaled last month it was raising at a $188 billion valuation, led by Coatue Management. The round closed above that figure.

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