Databricks closes a $5B strategic funding round at a $190B valuation led by Coatue
- Raised
- $5.0B
- Valuation · +42% vs Series L
- $190B
- Lead investor
- Coatue
- Place in VP50
- #4
What happened
Databricks announced on August 13, 2026 that it closed a $5 billion strategic funding round at a $190 billion valuation, led by Coatue. Blackstone, MGX, accounts advised by T. Rowe Price and new investor Sixth Street Growth also took part, along with other new investors including BOND, Clearlake Capital, Point72, Premji Invest and TPG, according to the company's release. Bloomberg and CNBC reported the same amount and valuation, and CNBC said the round came six months after one that valued the company at $134 billion.
TechCrunch reported that Databricks had originally wanted to raise $1 billion, and that CEO Ali Ghodsi said a select group of investors expressed $15 billion of interest. It also reported that Databricks said in July it had closed the round at a $188 billion valuation without disclosing the amount. The company said its revenue run-rate was above $7 billion, with year-over-year growth of more than 80% in its second quarter, and that it had positive adjusted free cash flow over the last 12 months. None of the sources reviewed stated a price per share.
Databricks said in July that it had closed this round at a $188 billion valuation without giving the amount; the August 13 release gave $5 billion at $190 billion.
Key points
- $5 billion strategic round at a $190 billion valuation, led by Coatue12
- New investors include Sixth Street Growth, BOND, Clearlake Capital, Point72, Premji Invest and TPG1
- Previous round valued the company at $134 billion six months earlier4
- Revenue run-rate above $7 billion, with growth of more than 80% year over year12
- Company had wanted to raise $1 billion; the CEO cited $15 billion of investor interest2
Why it matters
The $190 billion valuation follows a round at $134 billion reported six months earlier. It is the most recent primary-round price for the company in these sources.
The CEO said a select group of investors expressed $15 billion of interest, against the $1 billion the company first wanted and the $5 billion it took. Investor appetite for new shares outran the amount sold.
TechCrunch reported that Ghodsi still wants to take Databricks public someday but is focused on investing in AI, and noted that the large investor base will eventually want to cash out. No listing date was stated.
In context
| Round | Date | Post-money valuation | Raised | Led by |
|---|---|---|---|---|
| Series E | Feb 5, 2019 | $2.8B | $250M | Andreessen Horowitz |
| Series F | Oct 22, 2019 | $6.2B | $400M | Andreessen Horowitz |
| Series G | Feb 1, 2021 | $28B | $1.0B | Franklin Templeton |
| Series H | Aug 31, 2021 | $38B | $1.6B | Counterpoint Global (Morgan Stanley) |
| Series I | Sep 14, 2023 | $43B | $500M | funds and accounts advised by T. Rowe Price Associates, Inc. |
| Series J | Dec 17, 2024 | $62B | $10B | Andreessen Horowitz, DST Global, GIC, Insight Partners, Thrive Capital, and WCM Investment Management |
| Series K | Aug 19, 2025 | $100B | $1.0B | Andreessen Horowitz, Insight Partners, MGX, Thrive Capital, and WCM Investment Management |
| Series L | Dec 16, 2025 | $134B | $5.0B | Fidelity Management & Research Company, Insight Partners, and J.P. Morgan Asset Management |
| Strategic investment | Jul 16, 2026 | $190B | $5.0B | Coatue |
Updated
Fact-check
- On August 13, 2026, Databricks announced it closed a $5 billion strategic round at a $190 billion valuation, led by Coatue.Confirmed by [1] Databricks (release dated August 13, 2026: '$5 billion strategic funding round at a $190 billion valuation', led by Coatue) and [2] TechCrunch. Bloomberg [3] and CNBC [4] were blocked for the checker; their headlines state the same amount and valuation.Verified
- Blackstone, MGX and T. Rowe Price-advised accounts took part, with Sixth Street Growth, BOND, Clearlake Capital, Point72, Premji Invest and TPG as new investors.Confirmed by [1] Databricks: the release names these participants and lists these as new investors.Verified
- The prior round valued Databricks at $134 billion, six months earlier.Rests on [4] CNBC via the writer's extract; the CNBC page returned 403 to the checker. The research data also give $134B in February.Partly verified
- Databricks originally wanted to raise $1 billion and investors expressed $15 billion of interest.Confirmed by [2] TechCrunch: Ghodsi said 'We wanted to raise $1 billion' and that a select group of investors expressed $15 billion of interest.Verified
- In July Databricks said it had closed the round at a $188 billion valuation without disclosing the amount.Confirmed by [2] TechCrunch.Verified
- Revenue run-rate was above $7 billion with growth of more than 80% year over year in Q2, and adjusted free cash flow was positive over the last 12 months.Confirmed by [1] Databricks: crossed a $7 billion revenue run-rate with >80% year-over-year growth during its Q2, and positive adjusted free cash flow over the last 12 months. [2] TechCrunch gives a $7 billion run rate growing 80%.Verified
Sources
- [1]Databricks (opens in a new tab)Databricks Grows >80% YoY, Surpasses $7B Revenue Run-Rate, Scales Lakebase, Genie, and Unity AI Gateway$5 billion strategic funding round at a $190 billion valuation
- [2]TechCrunch (opens in a new tab)Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.We wanted to raise $1 billion
- [3]Bloomberg (opens in a new tab)Databricks Raises $5 Billion at a $190 Billion Valuation
- [4]CNBC (opens in a new tab)Databricks wraps $5 billion funding round at $190 billion valuationThe funding comes six months after closing a round that valued it at $134 billion.
