Databricks Closes $5 Billion Round at $190 Billion, Crossing $7 Billion ARR
On August 13, 2026, Databricks said it closed a $5 billion strategic round at a $190 billion valuation—led by Coatue, with Blackstone, MGX, T. Rowe Price, and new investor Sixth Street—after Q2 growth above 80% year-over-year pushed its revenue run-rate past $7 billion.
TLDR
Databricks on August 13, 2026 announced a closed $5 billion strategic funding round at a $190 billion valuation and said Q2 growth of >80% year-over-year took its revenue run-rate past $7 billion. Coatue led; Blackstone, MGX, T. Rowe Price, and new investor Sixth Street Growth joined, plus a long existing-investor list. Proceeds target Lakebase (serverless Postgres for agents, now >$100 million run-rate), Genie (AI coworker on enterprise data), and Unity AI Gateway (multi-model routing and cost control). The company also cited positive adjusted free cash flow over the last 12 months, >1,000 customers at >$1 million run-rate, and >100 at >$10 million. Six months after a $5 billion / $134 billion round.
What the primary says
| Item | Databricks newsroom, Aug 13 |
|---|---|
| Equity | $5 billion closed |
| Valuation | $190 billion (July 16 term sheet had been $188 billion) |
| Lead | Coatue (investor since 2019) |
| New named | Sixth Street Growth; also BOND, Clearlake, Point72, Premji, TPG |
| ARR | >$7 billion; Lakehouse >$1.5 billion (>100% YoY); Lakebase >$100 million |
| Customers | >20,000 orgs; 70% of Fortune 500 |
| Use of proceeds | Lakebase, Genie, Unity AI Gateway |
TechCrunch same day: CEO Ali Ghodsi said Databricks had wanted about $1 billion; investors pushed toward $15 billion; they settled on $5 billion. CNBC framed it as sitting out the IPO window longer.
Why this story matters
This is enterprise-AI infrastructure finance, not a lab model drop—and it is first-class for an AI-domain paper: $5 billion, $190 billion, $7 billion ARR, named agent products. Databricks is selling the data plane that frontier-model agents actually run on, while OpenAI/Anthropic sell the models. Watch: whether Unity AI Gateway becomes the default multi-lab router, and whether another $5 billion raise in six months delays or substitutes for an S-1.