Databricks hits $188B valuation, extending its run as AI’s favorite second act
TechCrunch AI Julie Bort
Databricks raised funding at a $188 billion valuation, led by Coatue, with approximately $3 billion expected to close later this summer. The company raised $134 billion just five months prior in February, and has completed four major funding rounds totaling over $17 billion since December 2024. Databricks shifted from a data analytics company to an AI provider by launching products like Lakebase and Unity, positioning itself to capitalize on enterprise demand for AI with traditional software governance standards.
Why it matters
Databricks has remade its image into an AI company and has published research on the cost savings of open weight AI models for coding.
