Databricks closed a $5 billion strategic funding round. The company’s valuation reached $190 billion. This figure marks a significant increase from its $134 billion valuation six months ago.
Annual revenue run rate has surpassed $7 billion. Year-over-year revenue grew by more than 80%.
Coatue, Blackstone, MGX, and T. Rowe Price led the financing. Databricks will use the capital to expand its artificial intelligence agent products. The strategy focuses on the Unity AI Gateway, Lakebase, and Genie offerings.