After revealing that its sales run-rate exceeded $7 billion in its second quarter, rising more than 80% year over year, Databricks closed a $5 billion strategic fundraising round at a valuation of $190 billion.
Blackstone, MGX, accounts handled by T. Rowe Price, and new investor Sixth Street Growth participated in the round, which was led by Coatue. According to the company, Andreessen Horowitz, GIC, Temasek, Thrive Capital, and other current backers took part in the round, while additional new investors included BOND, Clearlake Capital, Point72, Premji Invest, and TPG.
According to Databricks, additional funding will enable ongoing investments in Unity AI Gateway, which offers controls for the use of numerous AI models, Lakebase, its serverless Postgres database for AI workloads, and Genie, its corporate data assistant.
Additionally, the business reported that its Lakehouse data warehousing product has crossed a $1.5 billion revenue run-rate and is increasing at a pace of more than 100 percent annually, while Lakebase has surpassed a $100 million revenue run-rate. Over the last 12 months, Databricks reported that its adjusted free cash flow remained positive.
The funding comes after Temasek took part in an earlier Databricks funding round revealed by TNGlobal in January 2025, which valued the business at $62 billion. Databricks’ entry into Indonesia as part of its larger drive in ASEAN was also previously covered by TNGlobal.
Ali Ghodsi, co-founder and CEO of Databricks, stated that the company is concentrating on the data, context, and cost-control needs that businesses encounter when putting AI agents into production. Lakebase, Genie, and Unity AI Gateway are being positioned by the corporation as parts of that infrastructure.
According to Databricks, it currently has over 20,000 clients globally, with over 1,000 using its services at an annually rate exceeding $1 million and over 100 exceeding $10 million.
