# Databricks Closes $5 Billion Strategic Round at $190 Billion Valuation

> Databricks has closed a $5 billion strategic round at a $190 billion valuation, up from $134 billion just six months ago and $62 billion at the start of 2025. Coatue led, with Blackstone, MGX, and T. Rowe Price joining a roster that already includes Andreessen Horowitz, GIC, and several big banks. The numbers behind the raise are the story: the company says it has passed a $7 billion revenue run-rate and is still growing around 80 percent year over year. The cash goes toward its AI infrastructure push, including Lakebase serverless Postgres aimed at AI agents, the Genie AI coworker, and the Unity governance gateway. Databricks is one of the clearest examples of how the data platform layer, not just the model labs, is capturing enormous value from the AI boom. At $190 billion it is now one of the most valuable private companies in the world, and the relentless valuation step-ups suggest an IPO conversation is not far off.

_Section: [AI Funding Tracker](https://www.wortins.com/funding) · Source: CNBC · Published Sunday, August 23, 2026_

## Wortins' read

Databricks has closed a $5 billion strategic round at a $190 billion valuation, up from $134 billion just six months ago and $62 billion at the start of 2025. Coatue led, with Blackstone, MGX, and T. Rowe Price joining a roster that already includes Andreessen Horowitz, GIC, and several big banks. The numbers behind the raise are the story: the company says it has passed a $7 billion revenue run-rate and is still growing around 80 percent year over year. The cash goes toward its AI infrastructure push, including Lakebase serverless Postgres aimed at AI agents, the Genie AI coworker, and the Unity governance gateway. Databricks is one of the clearest examples of how the data platform layer, not just the model labs, is capturing enormous value from the AI boom. At $190 billion it is now one of the most valuable private companies in the world, and the relentless valuation step-ups suggest an IPO conversation is not far off.

## Source

[Read the full story at CNBC](https://www.cnbc.com/2026/08/13/databricks-funding-round-190-billion-valuation.html)

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