Databricks wraps $5 billion funding round at $190 billion valuation

Databricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation.

The company said that it has crossed $7 billion revenue run rate and grown more than 80% year-over-year in its second quarter.

The funding round comes six months after the private data analytics software company raised $5 billion in funding and $2 billion in new debt capacity at a $134 billion valuation.

Databricks is among a growing group of companies that have delayed going public, given the myriad of funding opportunities emerging in private markets.

SpaceX‘s blockbuster IPO set the stage for a potentially big year for IPO activity, but shares have been volatile since the debut. Frontier model makers Anthropic and OpenAI have both confidentially filed to go public, gearing up to debut as soon as this year.

Founded in 2013, Databricks helps companies build AI agents and apps using proprietary data.

The company, which ranked No. 3 on CNBC’s2026 Disruptor 50list, has already exceeded public market rival Snowflake in market value and is expanding its newer verticals.

The company’s recent Lakebasedatabase launch pits it against incumbents likeOracleandSAP and has already surpassed a $100 million revenue run rate, Databricks said.

In March, Databricks dipped its toes into cybersecurity with itsLakewatch software.

— CNBC’s Jordan Novet contributed reporting