Databricks Raises $5 Billion at $190 Billion Valuation

Overview

• Databricks closed a $5 billion private financing that the company values at about $190 billion.
• The firm reported it has crossed a roughly $7 billion revenue run rate and grew more than 80% year over year in its second quarter.
• Databricks said its Lakebase serverless Postgres database has passed a $100 million revenue run rate and that Lakewatch marks its first push into security software.
• This raise follows an earlier mid-2026 financing that included $5 billion in equity and $2 billion in debt capacity at a lower valuation, illustrating repeated large private rounds instead of an IPO.
• The new capital is intended to accelerate product commercialization and help Databricks expand into databases and cybersecurity as it competes with public rivals such as Snowflake and incumbents like Oracle and SAP.