Aug. 13 at 2:25 PM
$DABRZZX.P
$BX $GS $JPM $MS
WHOA...
$190B VALUATION:
Databricks closes
$5B funding round at
$190B valuation
Data and AI company Databricks announced it crossed a
$7B revenue run-rate, delivering greater than 80% year-over-year growth during its Q2. Building on this momentum, the company closed a
$5B strategic funding round at a
$190B valuation. The investment will drive continued innovation across Lakebase, its serverless Postgres database built for AI agents, Genie, Databricks' AI coworker that turns business data into trusted answers and actions, and Unity AI Gateway, for multi-AI governance and cost controls, Databricks said in a statement.
The round was led by Coatue, along with Blackstone (BX), MGX, accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and new investor Sixth Street Growth. Other new investors included BOND, Clearlake Capital, Point72, Premji Invest, and TPG alongside existing investors Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, Franklin Templeton, GIC, Growth Equity at Goldman Sachs Alternatives (GS), Insight Partners, J.P. Morgan Private Capital (JPM), Kinetic, Morgan Stanley Investment Management (MS), NEA, Ontario Teachers' Pension Plan, Temasek, Thrive Capital, and WCM Investment Management.
