Databricks raises $5B at a $190B valuation after planning to raise $1B

TechCrunch reported on 13 August 2026 that Databricks closed a $5 billion round at a $190 billion valuation, led by Coatue alongside Blackstone, MGX, T. Rowe Price accounts, Sixth Street Growth and roughly two dozen other investors. CEO Ali Ghodsi said the company set out to raise $1 billion and saw $15 billion of interest after coverage of its conference. Databricks reports $7 billion of annualised run-rate revenue growing 80% year over year, with $1.5 billion of that from the core cloud data warehouse (growing 100%) and $100 million from its Lakebase AI database.

What it means A $100M run-rate on Lakebase after roughly a year is the number to watch: it is the clearest public read on how fast an AI-native database attaches to an existing data-platform install base.