PANews
PANews|Aug 13, 2026 16:12
[AI Data Infrastructure Company Databricks Secures $5 Billion in Strategic Financing, Led by Coatue] According to Forbes, AI data infrastructure company Databricks has announced the completion of a $5 billion strategic financing round, led by Coatue, with participation from Blackstone, MGX, and T. Rowe Price. Sixth Street Growth joined as a new investor. The company's post-money valuation has reached $190 billion, surpassing the previously disclosed $188 billion valuation plan. The funds will be used to advance AI infrastructure deployment, product development, and potential acquisitions. Databricks co-founder and CEO Ali Ghodsi stated that the company's current annualized revenue run rate has exceeded $7 billion, representing a year-over-year growth of over 80%.
Share To

HotFlash

APP

X

Telegram

Facebook

Reddit

CopyLink

Hot Reads