Databricks Raises $5B at $190B Valuation as Investor Appetite Far Exceeds Original $1B Target
Databricks has closed a $5 billion funding round at a $190 billion valuation, according to CEO Ali Ghodsi, marking one of the largest private funding rounds in recent memory.
The company originally set out to raise $1 billion, but investor demand quickly overwhelmed that target. Ghodsi told TechCrunch that interested investors indicated they were prepared to commit $15 billion—fifteen times the original ask—prompting Databricks to scale up the round significantly.
The oversubscription reflects continued strong appetite for AI infrastructure plays. Ghodsi noted that AI remains expensive to build and operate, driving companies like Databricks to pursue substantial capital raises to fund expansion and compute costs.
Databricks, which provides a unified analytics platform for data and AI workloads, has become a major beneficiary of enterprise AI adoption. The company competes with Snowflake in the data warehouse and analytics space while also offering machine learning and generative AI tooling.
The $190 billion valuation represents a significant milestone for the San Francisco-based company, positioning it among the most valuable private companies globally.