Databricks secures funding round at $188 billion valuation
The Databricks logo in this illustration taken June 11, 2026. REUTERS/Dado Ruvic/Illustration
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
July 16 : Databricks said on Thursday it has signed a term sheet for a strategic funding round that values the data analytics software firm at $188 billion.
Here are a few details:
• The round, which Databricks expects to close later this summer, is being led by existing investor Coatue and will include both new and existing investors.
• Databricks, one of the world’s most valuable privately held companies, earlier this year completed a fundraising of about $5 billion at a $134 billion valuation.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• Databricks offers a platform designed to help users ingest, analyze and build AI applications using complex data from various sources. It competes with Snowflake, and analysts widely see it as a public-listing candidate along with marquee names such as OpenAI and Anthropic.
• Earlier on Thursday, the Wall Street Journal reported that investment firm Coatue Management was leading a $3 billion investment in Databricks at a $188 billion valuation, citing people familiar with the matter.
• Coatue could not immediately be reached for comment outside business hours.
• This is the latest sign of investors placing large bets on companies poised to benefit from the wider adoption of artificial intelligence. Technology giants are on track to invest billions of dollars, while the two largest AI firms, OpenAI and Anthropic, have filed their IPO paperwork.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
About The Author
