Databricks Raises $5B at $190B Valuation Amid Investor Frenzy
On Thursday, Databricks revealed it secured $5 billion in a funding round spearheaded by Coatue, alongside contributions from Blackstone, MGX, T. Rowe Price accounts, and new backer Sixth Street Growth. This funding elevates the company's valuation to $190 billion, an increase from $188 billion in July. Co-founder and CEO Ali Ghodsi mentioned that they originally targeted $1 billion, but following a June conference article, interest soared to $15 billion. Databricks has reached an annualized revenue run rate of $7 billion, with an impressive growth rate of 80%. Its cloud data warehouse alone generates $1.5 billion, reflecting a 100% year-over-year increase. Over the past 20 months, the company has raised $20 billion and is pursuing M&A, having acquired Electric and Panther. Ghodsi has plans for a future IPO.
Key facts
- Databricks raised $5 billion at a $190 billion valuation.
- Round led by Coatue, with Blackstone, MGX, T. Rowe Price, and Sixth Street Growth.
- CEO Ali Ghodsi said the company wanted to raise $1 billion but investor interest reached $15 billion.
- The Information article in June triggered investor calls.
- Databricks has $7 billion annualized run rate revenue, growing 80%.
- Cloud data warehouse contributes $1.5 billion, growing 100% year-over-year.
- Lakebase launched in June 2025, hit $100 million revenue run rate.
- Company raised $20 billion in past 20 months.
- Acquired Electric (PGlite), Panther, and two other startups.
- Ghodsi plans to take company public eventually.
Entities
Artists
- Ali Ghodsi
Institutions
- Databricks
- Coatue
- Blackstone
- MGX
- T. Rowe Price
- Sixth Street Growth
- The Information
- TechCrunch
- CNBC
- Goldman Sachs
- Electric
- Panther
- Z.ai
- Anthropic
- OpenAI