Key Takeaways
Databricks closed a $5 billion round at a $190 billion valuation, announced Thursday, August 13, after telling investors it wanted to raise only $1 billion.
CEO Ali Ghodsi said investor interest reached $15 billion, and the company issued more stock rather than turn long-time backers away.
The company reports a $7 billion annualized revenue run rate growing 80 percent a year, and says it is cash-flow positive.
Databricks said it raised $5 billion at a $190 billion valuation, up from the $188 billion figure it disclosed in July without naming an amount. Coatue led the round, joined by Blackstone, MGX, accounts tied to T. Rowe Price and new investor Sixth Street Growth, with about two dozen firms named as participants. The company had already raised roughly $20 billion over the previous 20 months.
The round grew because the demand did
Ghodsi told TechCrunch the company planned a $1 billion raise, then a trade report during its June conference sent investors calling. "The interest level was just insane," he said, putting total interest from the group it looked at at $15 billion. Late-stage companies that turn existing backers away risk hard feelings, so Databricks issued more stock than it intended. Ghodsi told CNBC he still wants to take the company public one day.
Where $5 billion goes when the business is already profitable
Ghodsi said the cash covers three things. Databricks holds multi-billion-dollar cloud commitments with all three major hyperscalers. It runs a 100-person AI research team in one of the most expensive hiring markets in technology. And it keeps buying companies, including PGlite maker Electric this week, security firm Panther in June and two startups in March. The pattern is familiar from the rest of the sector, where Nvidia and six Wall Street firms committed $500 billion to finance AI infrastructure and Anthropic signed a $9.1 billion compute deal with a bitcoin miner. The money keeps moving toward the same place, which is the cost of running the models, not the models themselves.
People Also Ask
How much is Databricks worth in 2026?
Databricks is valued at $190 billion following its August 2026 round, up from $188 billion disclosed in July and $134 billion in December 2025.
Who led the Databricks $5 billion round?
Coatue led it, with Blackstone, MGX, accounts associated with T. Rowe Price and new investor Sixth Street Growth among roughly two dozen participants.
How much revenue does Databricks make?
Ghodsi said the company is at a $7 billion annualized revenue run rate growing 80 percent year over year and is cash-flow positive, with its cloud data warehouse accounting for $1.5 billion of that.
Is Databricks going public?
Ghodsi has said he still intends to take the company public eventually, but has not given a timeline, and the company has kept raising privately instead.