Startup profile for Databricks: latest funding, latest known valuation, total disclosed funding, investors, status, sources, and why the company is interesting. Part of the Venture Capital Tracker startup directory.
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Databricks funding, valuation and investors

Data + AI platform (lakehouse, Lakebase, Genie, Unity AI Gateway) for enterprises that train, govern, and run agents on their own data.

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Funding, valuation & investors

Answer-first snapshot

Latest funding

Strategic / growth

$5B · August 2026

Latest known valuation

$190B

Strategic / growth · August 2026

Total disclosed equity funding

$5B

Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.

Current status

private

growth · San Francisco, California, USA

Investors in latest funding

Lead: Coatue

Other: Blackstone , MGX , T. Rowe Price , Sixth Street Growth , Andreessen Horowitz , Insight Partners , Thrive Capital , NEA

Sources: latest funding Last verified: 2026-08-27

Overview

Databricks is the Data and AI company founded by the creators of Apache Spark. On August 13, 2026 it announced a $5 billion strategic funding round at a $190 billion valuation, led by Coatue with Blackstone, MGX, T. Rowe Price-advised accounts, and new investor Sixth Street Growth. Returning investors named in the release include Andreessen Horowitz, Insight Partners, Thrive Capital, and NEA. The company reported a greater than $7 billion revenue run-rate (more than 80% year-over-year in Q2), Lakehouse warehousing above $1.5 billion run-rate, Lakebase above $100 million run-rate, more than 1,000 customers above $1 million run-rate, and positive adjusted free cash flow over the prior 12 months. Products called out for the raise: Lakebase (serverless Postgres for AI agents), Genie (AI coworker on enterprise data), and Unity AI Gateway (multi-model governance and cost control). Headquarters: San Francisco. Company: 20,000+ organizations, including 70% of the Fortune 500 as platform users.

Why Databricks is interesting

August 13, 2026 close: $5B at $190B led by Coatue after a July $188B term sheet — company >$7B revenue run-rate, >80% YoY, Lakebase >$100M RR, adjusted FCF positive LTM. The job is agent context and token-cost control, not another warehouse logo.

Product & use cases

Unified Data + AI platform: lakehouse engineering and warehousing, Lakebase serverless Postgres for agents, Genie for business-context answers/actions, Unity Catalog/Gateway for governance and multi-model cost control.

  • Governed enterprise ML and analytics on private data
  • AI agents that need operational Postgres (Lakebase) plus business context (Genie)
  • Multi-model routing and token-cost control (Unity AI Gateway)

Key facts

  • Aug 13, 2026: $5B at $190B led by Coatue; Sixth Street Growth new; a16z, Insight, Thrive, NEA among returners (company PR)
  • Aug 11, 2026: Electric (PGlite / sync) joining Databricks; terms undisclosed (company blog). Electric Cloud winding down (Electric post)
  • Company: >$7B revenue run-rate, >80% YoY Q2; Lakehouse >$1.5B RR; Lakebase >$100M RR; adj. FCF+ LTM
  • July 16, 2026 term sheet was $188B without disclosed raise size — superseded by the August close
  • Feb 2026 vintage: ~$5B equity at $134B plus ~$2B debt capacity (company). Do not cite $43B Series I as current.

Funding history (newest first)

Strategic / growth

2026-08 $5B Valuation: $190B

Source: https://www.databricks.com/company/newsroom/press-releases/databricks-grows-80-yoy-surpasses-7b-revenue-run-rate-scales

Equity + debt (company)

2026-02 ~$5B equity + ~$2B debt capacity Valuation: $134B

Source: https://www.databricks.com/company/newsroom/press-releases/databricks-grows-65-yoy-surpasses-5-4-billion-revenue-run-rate

Series I

2023-09 $500M+ Valuation: $43B

Source: https://www.databricks.com/company/newsroom/press-releases/

Investors in our directory

Funds linked from Databricks's profile — open a fund page for stage focus and related deal articles.

Coatue Andreessen Horowitz Insight Partners Thrive Capital New Enterprise Associates (NEA) Tiger Global Management

Competitive landscape

Edge: Independent lakehouse with disclosed $7B-scale run-rate and an agent stack (context + cost control) sold into data teams that already standardized on Spark/Delta — not a chatbot wrapper.

Databricks competes for the enterprise data+AI budget. The August 2026 raise underwrites agent infrastructure (Lakebase/Genie/Gateway) more than a 2023 warehouse land-grab. We do not invent market share.

  • Snowflake direct

    Cloud data warehouse; Databricks leans lakehouse + ML/agents.

  • Google BigQuery / AWS Redshift incumbent

    Hyperscaler warehouses bundled with cloud commit.

  • Public LLM APIs adjacent

    Agents without Databricks’ enterprise data plane or Gateway cost controls.

Notable stories

  • Aug 2026: CEO Ali Ghodsi told TechCrunch Databricks wanted $1B; leaked interest hit ~$15B from a select list; they took $5B at $190B.
  • Coatue’s Thomas Laffont: investor since 2019; framed Databricks R&D pace as lab-like compression of timelines.
  • Aug 11, 2026: Electric team (PGlite, 1M→13M weekly downloads per Databricks) joins Neon/Lakebase; deal price undisclosed.

Industries

AI & Machine Learning Infrastructure & Cloud Enterprise SaaS

Related funding articles

Venture Capital Tracker pieces that cover Databricks's financing or category context.

FAQs about Databricks

Practical answers founders, operators, and investors typically search for.

Databricks sells a Data + AI platform: lakehouse analytics and ML plus Lakebase, Genie, and Unity AI Gateway for enterprise agents on governed data.
$190 billion as of the August 13, 2026 $5B close. July’s $188B figure was a term sheet with no disclosed raise size. Older $43B (2023) and $134B (Feb 2026) marks are historical.
$190 billion private-company mark as of August 13, 2026. Not a public market cap.
Coatue led the $5B close announced August 13, 2026. Returning names include Andreessen Horowitz, Insight Partners, Thrive Capital, and NEA.
Use $190B (August 13 close). $188B was a July term sheet with no disclosed raise size.
Stage: growth; status: private. No S-1 in the August 2026 announcement.
Closed $5B at $190B on August 13, 2026 (company). July 16 was a $188B term-sheet headline without a disclosed amount.
Databricks is private at $190B as of the August 13, 2026 close. Snowflake is public — use its live market cap, not a frozen private-round number. Same buyer committee; different core job (lakehouse + agents vs cloud warehouse).
Snowflake is the closest warehouse peer. Hyperscaler warehouses and public LLM APIs compete for overlapping budgets.
Databricks announced on August 11, 2026 that Electric is joining to bring WASM Postgres (PGlite) and a sync engine into Lakebase agent sandboxes. Terms were not disclosed. Electric said its hosted Cloud is winding down.
Company reported positive adjusted free cash flow over the last 12 months as of the August 13, 2026 release — adjusted, not a GAAP net-income claim.
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