<p><strong>SAN FRANCISCO —</strong> <a href="https://www.databricks.com/" data-external-link="true">Databricks</a>, the Data and AI company, announced it crossed a $7 billion revenue run-rate, delivering >;80% year-over-year growth during its second quarter. Building on this momentum, the company has closed a $5 billion strategic funding round at a $190 billion valuation. The investment will drive continued innovation across <a href="https://www.databricks.com/product/lakebase" data-external-link="true">Lakebase</a>, its serverless Postgres database built for AI agents, <a href="https://www.databricks.com/product/genie/one" data-external-link="true">Genie</a>, Databricks’ AI coworker that turns business data into trusted answers and actions, and <a href="https://www.databricks.com/product/artificial-intelligence/unity-ai-gateway" data-external-link="true">Unity AI Gateway</a>, for multi-AI governance and cost controls.</p>
<p>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.</p>
<p>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.</p>
<p>More than 20,000 organizations worldwide — including adidas, AT&;T, Bayer, Block, Mastercard, Rivian, Unilever, and 70% of the Fortune 500 — rely on the Databricks Data + AI Platform to build and scale data and AI apps, analytics, and agents.</p>
<p><strong>Databricks’ Financial Momentum</strong><br />
This funding follows Databricks’ continued business momentum. According to the company, this includes:</p>
<ul>
<li data-list-item-id="edf1d5364f2eebc77fa20bc6996c16284">Growing >;80% year over year, surpassing $7B revenue run-rate</li>
<li data-list-item-id="efde50da383c21ac63a82109b67a83880">Continuing to deliver positive adjusted free cash flow over the last 12 months</li>
<li data-list-item-id="e492f00efd57c0ec5a8d641e7fe0ff043">Surpassing $1.5B revenue run-rate for Lakehouse, its data warehousing product, growing over 100% year over year</li>
<li data-list-item-id="e0065a80b5e6385b182f58be0943f7a15">Exceeding $100M revenue run-rate for Lakebase</li>
<li data-list-item-id="e81de243ae4956c067184f6463082a9c4">>;1,000 customers consuming at over $1 million revenue run-rate</li>
<li data-list-item-id="e28c9b901255236ea623ced889c3fd27a">>;100 customers consuming at over $10 million revenue run-rate</li>
</ul>
<p>“Enterprises don&#8217;t just want AI that talks. They want agents working across their business that remember context, deliver accurate answers, and execute work without blowing through their budgets,” said <strong>Ali Ghodsi, Co-founder and CEO of Databricks</strong>. “That requires real-time operational data with Lakebase, context from across the business with Genie, and multi-AI cost controls with Unity AI Gateway. The tremendous investor demand for this round shows that our AI strategy is winning the market and building what every business needs to maximize their impact with agents.”</p>

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