Databricks closes a $5B round at a $190B valuation
A strategic round announced on Aug. 13, 2026 lifts the valuation from $134B to $190B. CEO Ali Ghodsi says soaring AI costs are boosting demand for the data platform.
CNBC reported on Aug. 13, 2026 that Databricks had wrapped a $5 billion round at a $190 billion valuation. The company ranked No. 3 on CNBC's 2026 Disruptor 50 list, has passed listed rival Snowflake in market value, and is expanding into newer verticals including cybersecurity. Per CNBC, CEO Ali Ghodsi argued that rising AI costs are increasing demand for the platform.
size of the new round (CNBC)
post-round valuation
valuation at the previous $5B round
total raised across 15 rounds, per Tracxn
Earlier, TechCrunch reported on July 17, 2026 that Databricks had announced a Coatue-led round valuing it at $188 billion, with the money not yet in hand. TechCrunch also noted Databricks as one of the clearest examples of enterprises turning to Chinese open-weight models for cost control, specifically Z.ai's GLM 5.2 for coding. In its Aug. 14, 2026 roundup, Crunchbase News placed Databricks at the top of the week's 10 largest U.S. rounds, alongside deals in AI infrastructure, data centers, electricity storage, defense, AI coding and biotech.
Sources
- 01CNBC — Databricks wraps $5 billion funding round at $190 billion valuation (13/8/2026) ↗
- 02Crunchbase News — The Week's 10 Biggest Funding Rounds (14/8/2026) ↗
- 03TechCrunch — Databricks hits $188B valuation (17/7/2026) ↗
- 04Tracxn — Databricks funding & investors ↗
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