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Databricks raises $5B at $190B valuation to boost its AI enterprise platform and products.

Market News
13 Aug 2026
PYMNTS
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Bullish
Databricks raises $5B at $190B valuation to boost its AI enterprise platform and products.

Databricks secured $5 billion in a strategic funding round, raising its valuation to $190 billion from $134 billion earlier this year. The funds will support development of its AI-focused products like the serverless Postgres database Lakebase, AI coworker Genie, and AI governance tool Unity AI Gateway. The company reported an $7 billion revenue run-rate and 80% year-over-year growth in Q2, highlighting strong market demand for its AI solutions. Databricks also expanded its partnership with Microsoft to scale enterprise AI through the 2030s, signaling continued investment in AI innovation and acquisitions.

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