Databricks Raises $5B as AI Growth Tops 80%, Valuation Hits $190B


Databricks Raises $5B as AI Growth Tops 80%, Valuation Hits $190B

📅 - Databricks has raised $5 billion at a $190 billion valuation after its second-quarter revenue run-rate passed $7 billion, up more than 80% year over year. The private data and AI software company is using the new capital to deepen its database, agent and model-governance portfolio, while investors assign a sharply higher value to continued enterprise AI spending.

The valuation is the eye-catching number, but the more useful signal for enterprise technology buyers is where Databricks says the growth is occurring. Its Lakehouse data warehousing business has moved beyond a $1.5 billion revenue run-rate, up more than 100% year over year, while Lakebase, its serverless PostgreSQL database, has [...][... Check source for end of article ...]
Tags: AI

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