Observed Signal · Aug 13, 2026 · Funding · Source: CNBC Technology · Impact: 4/5 · Sentiment: Positive
Databricks closes $5B round at $190B valuation
Databricks closed a $5 billion private funding round at a $190 billion valuation on Aug. 13, 2026, after investor demand far exceeded its initial $1 billion target, CEO Ali Ghodsi said. The financing was led by Coatue and included Blackstone, MGX, accounts tied to T. Rowe Price and Sixth Street Growth. Databricks reported a $7 billion annualized revenue run rate, more than 80% year‑over‑year growth in Q2, and said it is cash‑flow positive. Its Lakehouse cloud data warehouse has a $1.5 billion run rate while Lakebase surpassed a $100 million run rate. Executives said the capital will accelerate enterprise AI products and governance (Unity AI Gateway), agent/model capabilities (Genie), and help cover large cloud commitments, costly AI research and active M&A (including Electric and Panther); the raise follows a round six months earlier that valued the company at $134 billion.
Large $5B private funding and $190B valuation for a major cloud data/AI company signals accelerated investment in enterprise AI and data infrastructure, affects competitive dynamics with Snowflake and incumbents (Oracle, SAP), and has implications for enterprise data strategies.
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Key Takeaways & Evidence Grounding
- Databricks raised $5 billion in a private funding round at a $190 billion valuation on Aug. 13, 2026.
- The round was led by Coatue and included Blackstone, MGX, accounts tied to T. Rowe Price and Sixth Street Growth.
- Databricks reported a $7 billion annualized revenue run rate, more than 80% year‑over‑year growth in Q2, and is cash‑flow positive.
- Lakehouse (cloud data warehouse) has a $1.5 billion run rate; Lakebase surpassed a $100 million run rate.
- Proceeds will expand enterprise AI (Unity AI Gateway, Genie), cover large cloud commitments and costly AI research, and support active M&A (including Electric and Panther); a prior round six months earlier valued the company at $134 billion.
Connected Companies & Entities
16 Entities mapped“Databricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation....”
“The company’s recent Lakebase database launch pits it against incumbents like Oracle and SAP and has already surpassed a $100 million revenu...”
“The company’s recent Lakebase database launch pits it against incumbents like Oracle and SAP and has already surpassed a $100 million revenu...”
“The company, which ranked No. 3 on CNBC’s 2026 Disruptor 50 list, has already exceeded public market rival Snowflake in market value and is ...”
“SpaceX’s blockbuster IPO set the stage for a potentially big year for IPO activity, but shares have been volatile since the debut....”
“Frontier model makers Anthropic and OpenAI have both confidentially filed to go public, gearing up to debut as soon as this year....”
“Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the funding round....”
“Frontier model makers Anthropic and OpenAI have both confidentially filed to go public, gearing up to debut as soon as this year....”
“Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the funding round....”
“Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the funding round....”
“Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the funding round....”
“Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the funding round....”
“CEO Ali Ghodsi told CNBC’s Jon Fortt on Thursday that “demand is crazy.”...”
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Ontology Mapping & Concepts
Related Market Signals & Shifts
Recent verified developments and strategic activity across this market segment.
Databricks Valued at $188B After New Funding Round
Databricks announced a new financing round that values the company at $188 billion, a deal led by investor Coatue. The company did not disclose the exact amount it raised and says the funds are not yet in hand; other outlets have reported the round is roughly $3 billion and is expected to close later this summer. Databricks has pursued multiple large raises over the last 18 months while repositioning itself from a cloud data / analytics vendor into an enterprise AI provider, launching products such as Lakebase, Unity and Omnigent. Internal benchmarking at Databricks showed open models — notably Z.ai's GLM 5.2 — can handle high-difficulty coding tasks at lower total cost than proprietary models, and that the choice of agent harness materially affects cost and quality.
Databricks Revenue Soars 80% to $6.9B; Margins Shrink
Databricks said annualized revenue increased more than 80% year‑over‑year to $6.9 billion, driven by strong demand for its data and AI products. The company warned margins are compressing as customers deploy numerous AI agents that generate far more queries and consumption, raising underlying model and infrastructure costs. CEO and co‑founder Ali Ghodsi told CNBC the trend reflects a consumption‑based business model and the rise of agentic AI. Databricks disclosed it now gets $1.7 billion in annual AI product revenue (up from $1.4 billion in February), announced the acquisition of security startup Panther, and unveiled CustomerLake — an agentic, lakehouse‑native product for marketing/customer data. Databricks remains privately valued at about $134 billion, larger than rival Snowflake’s roughly $83 billion market cap.
Databricks Ventures Invests in v4c.ai
v4c.ai, a Databricks-focused services partner, announced a Series A investment led by Databricks Ventures with participation from Tquila. The investment adds v4c.ai to the Databricks Ventures portfolio and underscores closer alignment with the Databricks Lakehouse ecosystem. v4c.ai reported exceeding 600 Databricks certifications, supporting 150+ joint customers, and a global team of 400+ data and AI professionals. The company cited an 800% organic increase in customer acquisition and 900% year-over-year revenue growth since partnering with Databricks, and projects growth toward 700+ employees and continued revenue expansion through 2026.
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