Databricks closes $5B funding at $190B valuation to accelerate AI push

Databricks closed a $5 billion funding round at a $190 billion valuation, six months after a $134 billion round, with revenue run rate above $7 billion and 80% year‑over‑year growth. The funds will accelerate enterprise AI capabilities including Lakebase, Genie, and the Unity AI Gateway, as Lakebase nears a $100 million revenue run rate and Lakehouse surpasses $1.5 billion. Led by Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth, the round underscores strong demand for AI agents while the company remains private and continues to delay an IPO.