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Databricks raises $5 billion in a funding round at a $190 billion valuation

Funding ● Confirmed 86% confidence first seen

Databricks announced a $5 billion late-stage funding round that values the company at $190 billion, following investor interest that reportedly exceeded earlier expectations. The company said it will use the capital to expand its AI and data-related offerings, including its managed PostgreSQL service, and it also announced plans tied to agent data synchronization capabilities.

Ali Ghodsi Databricks Electric Electric sync engine PGlite $190 Billion Valuation $5 billion strategic funding round $7 billion quarterly revenue run-rate Blackstone Coatue Electric DB Genie Lakebase Lakehouse MGX Neon Sixth Street Growth T. Rowe Price TechCrunch Unity AI Gateway agent-focused AI products

The deal

Databricks $5 billion Late stage · announced 11 Aug 2026

Deal terms as reported in the coverage below.

Source coverage

Databricks acquires Electric to give every AI agent its own Postgres database The New Stack Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation. TechCrunch independent Databricks raises $5B more after annualized revenue tops $7B SiliconANGLE independent Databricks Raises $5 billion at a $190 Billion Valuation Trending Topics independent Databricks jumps to $190B valuation with $5B round, six months after hitting $134B Tech Funding News independent

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