Databricks Raises $5 Billion at $190 Billion Valuation

Databricks has closed a $5 billion Series M round at a $190 billion valuation led by Coatue, making it one of the world's most valuable private tech companies. Its Q2 annualized revenue run-rate surpassed $7 billion, up more than 80% year-over-year. CEO Ali Ghodsi said the round was originally targeted at just $1 billion but was heavily oversubscribed after media coverage fueled investor enthusiasm, and he argues that AGI has effectively arrived from an enterprise data application perspective.

Confirmed

• Funding: $5 billion Series M at a $190 billion valuation, led by Coatue with participation from multiple venture, growth and crossover funds; covered by outlets including CNBC.
• Revenue: Q2 annualized revenue run-rate above $7 billion, up over 80% year-over-year.
• Process: Per CEO Ali Ghodsi, the company initially planned to raise only $1 billion and expanded the round after media reports triggered frenzied investor interest, resulting in oversubscription.
• Historical financials: Per Series K data, annual revenue was expected to exceed $4 billion with over 50% growth and positive free cash flow; AI-related products were expected to surpass $1 billion in annualized revenue.
• CEO's view: Ali Ghodsi believes AGI has effectively arrived from an enterprise data application perspective, with the core opportunity in unlocking enterprise context data that models do not yet hold.

Unconfirmed

• Valuation discrepancy: One Polymarket post cited a $43 billion valuation for the latest round, inconsistent with the widely reported $190 billion figure and likely erroneous.
• IPO outlook: Polymarket trading data suggests the market is relatively pessimistic about a near-term Databricks listing.

Why it matters

• The mega-round and 80%+ revenue growth underscore robust demand for AI data infrastructure and cement Databricks' leadership as a data platform centered on the Lakehouse.
• Ghodsi's claim that AGI has already arrived shifts attention to the value of proprietary enterprise context data as the key to AI adoption.

2026-08-13 ~ 2026-08-15 · 12 related posts

• [source] Databricks raises $5B at $190B valuation, revenue tops $7B — MTSlive · 2026-08-13
• Databricks Hits $7B Revenue Run-Rate, CEO Claims AGI Has Already Arrived — pwendell · 2026-08-13
• Databricks valuation surges to $43 billion in latest funding round — Polymarket · 2026-08-13
• Databricks Valuation Surges to $190 Billion in Latest Funding Round — Polymarket · 2026-08-13
• Databricks Crosses $7B Revenue Run-Rate, Raises $5B to Fuel AI Agents — aleximm · 2026-08-14
• Databricks Surpasses $4B Revenue Run-Rate, $1B from AI Products — thedealdirector · 2026-08-14
• Databricks Raises $5B at $190B Valuation, CEO Meme Goes Viral — rickasaurus · 2026-08-15

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