Databricks raises $5 billion at $190 billion valuation, reaching $7 billion revenue run rate with 80% year-over-year growth to fuel enterprise AI tools and delay IPO amid private funding surge.

Databricks wraps $5 billion funding round at $190 billion valuation

Databricks CEO Ali Ghodsi speaks at the HumanX conference in San Francisco on April 7, 2026.Big Event Media | HumanX Conference | Getty ImagesDatabricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation.The company said that it has crossed $7 billion in revenue run rate and grown more than 80% year-over-year in its second quarter.Databricks said it will use the funding to support enterprise AI capabilities, including its Unity AI Gateway governance tool and Genie ...