Databricks hits $188B valuation, extending its run as AIs favorite second act | TechCrunch
Summary
Databricks announced a new funding round that values the company at $188 billion. Coatue led the round, and the company said the financing will close later this summer. The article explains how Databricks has repositioned itself from a data software vendor into a major AI platform provider. It also highlights the company’s recent AI products and its focus on helping enterprises reduce AI model costs.
Funding
Amount
$3.0B
Total raised
Date
July 17, 2026
Announcement date
Investors
Coatue Management
Lead investors
Company
databricks.com
Funded company
Classifications
industries
No industries detected
applications
Business Intelligence
AskAI Classifications
Labels
Data Platform
SaaS
Analytics Software
Linked Companies
Databricks
$1B+