Databricks Raises $5B at $190B Valuation as AI Spending Boom Continues

TechCrunch · United States · Aug 13, 2026

Databricks closed a $5 billion funding round at a $190 billion valuation, led by Coatue with participation from Blackstone, MGX, T. Rowe Price accounts, and Sixth Street Growth, among roughly two dozen investors. CEO Ali Ghodsi said investor demand reached $15 billion, far exceeding the company's initial $1 billion target, reflecting the intense capital appetite surrounding AI infrastructure plays. The company reports $7 billion in annualized run-rate revenue growing at 80% year-over-year and is cash-flow positive, with funds earmarked for cloud infrastructure commitments, AI research, and continued M&A activity. For staffing firms serving tech and AI clients, the round signals sustained aggressive hiring and expansion demand in the AI data and infrastructure sector.