· investment-strategies · 4 min read
What Is Databricks’s Valuation in 2026? $190B Close vs $188B Term Sheet
Databricks’s current valuation is $190 billion as of the August 13, 2026 $5B close (Coatue). July’s $188B figure was a term sheet with no disclosed raise size. Snowflake is public — do not freeze a market cap next to this private mark.
Databricks’s current valuation is $190 billion as of August 13, 2026, after a $5 billion close led by Coatue. Company: >$7 billion revenue run-rate, >80% YoY in Q2.
Most recaps still cite $188 billion (July term sheet, no disclosed raise size) or older $134 billion / $43 billion marks. Those are not the current close.
This page is for founders and operators who need the current number, the revenue that supports it, and who showed up on the cap table. Last verified August 18, 2026. Company page: Databricks.
Databricks valuation 2026 — current vs older headlines
| Date | What it was | Mark | Amount disclosed? |
|---|---|---|---|
| Aug 13, 2026 | Closed round (use this) | $190B | $5B |
| Jul 16, 2026 | Term sheet | $188B | No |
| Feb 2026 | Prior company round | $134B | ~$5B equity + ~$2B debt capacity |
| Sep 2023 | Series I | $43B | $500M+ |
Returning investors named on the August close include Andreessen Horowitz, Insight Partners, Thrive Capital, and NEA. Also named: Blackstone, MGX, T. Rowe Price accounts, Sixth Street Growth (new).
Key facts
| Field | Detail |
|---|---|
| Company | Databricks — Data + AI platform (San Francisco) |
| Current valuation | $190B (Aug 13, 2026 close) |
| Round | $5B strategic / growth |
| Lead | Coatue (investor since 2019; Thomas Laffont quoted) |
| Also named | Blackstone, MGX, T. Rowe Price accounts, Sixth Street Growth (new) |
| Other new | BOND, Clearlake, Point72, Premji Invest, TPG |
| Returning (selected) | a16z, Insight, Thrive, NEA, Dragoneer, Fidelity, Franklin Templeton, GIC, Goldman Sachs Alts, J.P. Morgan Private Capital, Temasek, OTPP, WCM |
| Traction (company) | >$7B RR; Lakehouse >$1.5B RR (>100% YoY); Lakebase >$100M RR; >1,000 customers >$1M RR; >100 customers >$10M RR; adj. FCF+ LTM |
| Customers (company) | 20,000+ orgs; 70% of Fortune 500 named as relying on the platform |
~$27× the $7B run-rate at $190B is a growth-AI multiple, not a 2023 warehouse print. Company figures are not audited GAAP in the press release.
Who uses the product — and for what job
Users: enterprises that will not ship core data to a public chatbot and now have a second workforce — AI agents — that need operational data, governed answers, and a token budget.
Job: run analytics + models + agents on the same governed lakehouse so CFOs can forecast model spend (Unity AI Gateway) instead of discovering it on the bill.
Lakebase is serverless Postgres built for agents (company: >$100M RR). Genie is the coworker layer on business data. Gateway is routing + cost control across models. That is a control-plane sale, not a notebook upsell.
Why now
- Token bills are a CFO problem. Ghodsi told TechCrunch the company wanted $1B; a leak during a June conference produced ~$15B of interest from a select list; they took $5B.
- July’s $188B headline had no disclosed raise size. August filled the amount and nudged the mark to $190B.
- Company still says it is not rushing an IPO; private demand absorbed what an S-1 would have sought (TechCrunch / company comments — treat IPO timing as editorial, not a filing).
Why Coatue / a16z / Insight / Thrive — portfolio fit
Coatue leading a company it has held since 2019 is a crossover compounding bet: public-markets-sized check, private company, AI infra cash flow.
a16z, Insight, Thrive, and NEA returning is continuity, not a new thesis. An older a16z Databricks note still described ~$43B-class marks; use this August close.
Likely founder rationale: keep long-term holders, add Sixth Street / T. Rowe-style late capital, avoid picking among friends on a $15B book.
| Investor type | What they bring |
|---|---|
| Coatue | Crossover lead; held since 2019 |
| a16z / Insight / Thrive / NEA | Multi-year follow-on + category narrative |
| T. Rowe / Fidelity / Temasek / GIC | Public-equity and sovereign scale |
| Sixth Street Growth | New credit/growth adjacency |
Databricks vs Snowflake
| Databricks | Snowflake | |
|---|---|---|
| Status | Private | Public |
| Current mark | $190B (Aug 13, 2026 close) | Live market cap — do not freeze a private-round number |
| Core job | Lakehouse + ML/agents on governed data | Cloud warehouse incumbent |
| Buyer overlap | High (data + AI committee) | High |
Same buyer. Different core job. Do not paste a Snowflake market cap here; it moves daily.
Caveats
- Do not cite $43B or $134B as current.
- Do not treat the July $188B term sheet as the close.
- Do not underwrite $190B on “AI narrative” without the $7B RR and FCF claim.
- Do not invent a public-company Databricks IPO date from this raise.
Practical takeaway
- Founders (data/AI): Sell governed context + cost control, not another chat wrapper.
- Investors: Separate term-sheet headlines from closed amount and revenue.
- Operators: Ask whether Unity AI Gateway changes the token bill, not whether the lakehouse demo looks smart.
Month map: August 2026 VC news.
Sources
- Databricks (Aug 13, 2026): https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales
- TechCrunch: https://techcrunch.com/2026/08/13/databricks-wanted-to-raise-1b-investors-wanted-15b-it-settled-on-5b-at-a-190b-valuation/
- Related: /startup/databricks · /fund/coatue · /2026-august-vc-news
