Databricks today announced it crossed a $7 billion revenue run-rate, delivering >80% year-over-year growth during its Q2. Building on this momentum, the company closed a $5 billion strategic funding round at a $190 billion valuation. The investment will drive continued innovation across Lakebase, its serverless Postgres database built for AI agents, Genie, Databricks’ AI coworker that turns business data into trusted answers and actions, and Unity AI Gateway, for multi-AI governance and cost controls.
The round was led by Coatue, along with Blackstone, MGX, accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and new investor Sixth Street Growth. Other new investors included BOND, Clearlake Capital, Point72, Premji Invest, and TPG alongside existing investors Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, Franklin Templeton, GIC, Growth Equity at Goldman Sachs Alternatives, Insight Partners, J.P. Morgan Private Capital, Kinetic, Morgan Stanley Investment Management, NEA, Ontario Teachers’ Pension Plan, Temasek, Thrive Capital, and WCM Investment Management.
The Future of Data + AI
Today, companies have a new set of employees to support: AI agents. To do their jobs, agents need a reliable, scalable foundation, clear, accurate answers from enterprise data, and the ability to easily forecast budgets and switch to more cost-effective models to avoid burning through expensive tokens. The Databricks Data + AI Platform delivers the foundation with Lakebase, enterprise context with Genie, and smart routing and cost controls with Unity AI Gateway, giving teams a simple way to build AI that actually works.
Databricks’ Financial Momentum
This funding follows Databricks’ continued business momentum, including:
- Growing >80% year over year, surpassing $7B revenue run-rate
- Continuing to deliver positive adjusted free cash flow over the last 12 months
- Surpassing $1.5B revenue run-rate for Lakehouse, its data warehousing product, growing over 100% year over year
- Exceeding $100M revenue run-rate for Lakebase
- >1,000 customers consuming at over $1 million revenue run-rate
- >100 customers consuming at over $10 million revenue run-rate
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This entry was posted on August 13, 2026 at 1:59 pm and is filed under Commentary with tags Databricks. You can follow any responses to this entry through the RSS 2.0 feed.
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Databricks Grows >80% YoY, Surpasses $7B Revenue Run-Rate, Scales Lakebase, Genie, and Unity AI Gateway
Databricks today announced it crossed a $7 billion revenue run-rate, delivering >80% year-over-year growth during its Q2. Building on this momentum, the company closed a $5 billion strategic funding round at a $190 billion valuation. The investment will drive continued innovation across Lakebase, its serverless Postgres database built for AI agents, Genie, Databricks’ AI coworker that turns business data into trusted answers and actions, and Unity AI Gateway, for multi-AI governance and cost controls.
The round was led by Coatue, along with Blackstone, MGX, accounts advised by T. Rowe Price Associates, Inc. and T. Rowe Price Investment Management, Inc., and new investor Sixth Street Growth. Other new investors included BOND, Clearlake Capital, Point72, Premji Invest, and TPG alongside existing investors Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, Franklin Templeton, GIC, Growth Equity at Goldman Sachs Alternatives, Insight Partners, J.P. Morgan Private Capital, Kinetic, Morgan Stanley Investment Management, NEA, Ontario Teachers’ Pension Plan, Temasek, Thrive Capital, and WCM Investment Management.
The Future of Data + AI
Today, companies have a new set of employees to support: AI agents. To do their jobs, agents need a reliable, scalable foundation, clear, accurate answers from enterprise data, and the ability to easily forecast budgets and switch to more cost-effective models to avoid burning through expensive tokens. The Databricks Data + AI Platform delivers the foundation with Lakebase, enterprise context with Genie, and smart routing and cost controls with Unity AI Gateway, giving teams a simple way to build AI that actually works.
Databricks’ Financial Momentum
This funding follows Databricks’ continued business momentum, including:
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This entry was posted on August 13, 2026 at 1:59 pm and is filed under Commentary with tags Databricks. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.