--- title: "What Is Databricks’s Valuation in 2026? $190B Close vs $188B Term Sheet" description: "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." date: 2026-08-13T00:00:00.000Z tags: ["2026-vc-news", "startup-funding", "venture-capital", "artificial-intelligence", "coatue", "a16z"] source: https://venturecapitaltracker.com/2026-databricks-5b-190b-coatue --- # 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](/fund/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](/startup/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](/fund/andreessen-horowitz)**, **[Insight Partners](/fund/insight-partners)**, **[Thrive Capital](/fund/thrive-capital)**, and **[NEA](/fund/new-enterprise-associates)**. 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](https://techcrunch.com/2026/08/13/databricks-wanted-to-raise-1b-investors-wanted-15b-it-settled-on-5b-at-a-190b-valuation/) 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](/fund/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](/fund/andreessen-horowitz)**, **[Insight](/fund/insight-partners)**, **[Thrive](/fund/thrive-capital)**, and **[NEA](/fund/new-enterprise-associates)** returning is continuity, not a new thesis. An older [a16z Databricks note](/2026-a16z-databricks-why-it-matters) 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](/2026-august-vc-news). ### Sources 1. Databricks (Aug 13, 2026): https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales 2. TechCrunch: https://techcrunch.com/2026/08/13/databricks-wanted-to-raise-1b-investors-wanted-15b-it-settled-on-5b-at-a-190b-valuation/ 3. Related: [/startup/databricks](/startup/databricks) · [/fund/coatue](/fund/coatue) · [/2026-august-vc-news](/2026-august-vc-news)