Databricks · TechCrunch AI
Databricks hits $188 billion valuation, extending its run as AI’s favorite second act
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◎ Multiple-sources
Databricks on Thursday announced a new round of funding that values the company at $188 billion.
Key facts
- Five months before that, in September 2025, it raised $1 billion at a $100 billion valuation
- Only five months ago, in February, Databricks closed a $5 billion Series L raise at a $134 billion valuation
- As they previously reported, the AI effect is so strong these days, that even sandwich shop Jersey Mike’s mentioned AI 22 times in its S-1 documents
- Last week Databricks CEO Ali Ghodsi shared the results of some internal benchmarking done to manage his own AI costs for his 3,000 software engineers
Summary
Databricks didn’t disclose exactly how much it raised; it said the money isn’t in its hands yet and that the round will close later this summer. (Other outlets have since reported the raise is roughly $3 billion.) While it’s unusual for a company to announce before it gets the money, a VC tells TechCrunch that the deal is solid, with so many firms wanting in that the company had no reason to keep its shiny new valuation a secret. In fact, Databricks has been on a year-and-a-half fundraising tear as it successfully transitioned its image into an AI provider and not a yesteryear SaaS sensation. Only five months ago, in February, Databricks closed a $5 billion Series L raise at a $134 billion valuation.