AI / Big Data / Databricks / funding rounds

Databricks valuation jumps 40% in 6 months to $188 billion

Databricks raises new funding at a $188 billion valuation, thanks to AI success.

Jul 17, 2026 10:43 AM 2 min read

Databricks valuation jumps 40% in 6 months to $188 billion — Image credit: https://unsplash.com/@nel_ranoko

Databricks is raising more funding to fuel its expanding fleet of AI products.

The cloud-based data platform company announced the strategic funding round late Wednesday, June 16. It said the term sheet had been signed for the raise, which values the company at $188 billion, and would close later in the summer.

The new valuation marks a 40% jump from December, when it was last valued at $134 billion after completing around $7 billion in investments.The round is being led by Coatue, and will include new and existing investors.

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Kiera Fields

Kiera Fields is head of special projects at The Stack and was previously at Business Insider. She writes about leadership, tech and business, covering everything from earnings calls to C-suite interviews.