--- title: "Databricks Blows Past Valuation Target, Jumps 40% to $188 Billion" type: "News" locale: "en" url: "https://longbridge.com/en/news/293043054.md" description: "Databricks secured a $3 billion funding round, raising its valuation by 40% to $188 billion. Led by Coatue, the capital will expand AI products like Unity AI Gateway and Genie. The company's AI revenue hit a $1.7 billion annualized run rate in June, strengthening its market position against rivals like Snowflake. Databricks remains private with no IPO timeline announced." datetime: "2026-07-17T13:11:27.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/293043054.md) - [en](https://longbridge.com/en/news/293043054.md) - [zh-HK](https://longbridge.com/zh-HK/news/293043054.md) --- # Databricks Blows Past Valuation Target, Jumps 40% to $188 Billion Data and artificial intelligence (AI) startup Databricks has officially signed a term sheet for a strategic $3 billion funding round. The investment values the company at $188 billion, marking a roughly 40% increase from its previous $134 billion valuation in February 2026. The new deal comes just weeks after Databricks was in talks to raise $175 billion, effectively beating its own target. ### TipRanks Welcomes a New ETF – NYSE:RANK - TipRanks has entered a new arena in the investing world, powering the index of an ETF based on its unique data now trading under the ticker RANK on the NYSE. - RANK tracks the performance of the TipRanks US Momentum Analysts Index, a rules-based index of 50 large U.S. companies. ## **Databricks to Expand Core AI Products With New Capital** Databricks announced the new funding round in a July 16 press release. The deal is expected to close later this summer and will be led by tech investment firm Coatue, along with new and existing investors. The funding comes months after Databricks raised about $5 billion in a Series L funding round that valued the AI company at $134 billion. Databricks also said it will use the new capital to expand its AI platform and business. The company plans to invest in Unity AI Gateway, a tool that helps businesses govern AI models and manage costs. It will also expand Genie, its AI assistant that helps workers find information and complete tasks using company data. Also, Databricks plans to grow Lakebase, its serverless PostgreSQL database designed to support AI agents and AI-powered apps. ## **Rapid AI Growth Strengthens Databricks' Market Position** Founded in 2013, Databricks is one of the world's most valuable private tech companies. Its platform helps organizations collect, manage, and analyze data to build AI software. The latest $3 billion investment follows strong growth in Databricks' AI business. CEO Ali Ghodsi said revenue from the company's AI products reached a $1.7 billion annualized run rate (ARR) in June, up from $1 billion in September. Ghodsi added that the company's overall ARR reached $5.4 billion in February. Meanwhile, Databricks' growth has strengthened its position in the enterprise data and AI market, where it competes with its top AI and cloud services rival Snowflake (SNOW). ## **Is Databricks Going to IPO?** Databricks remains a privately held company and is not yet listed on any public stock exchange. The company has also not revealed a timeline for an initial public offering (IPO), even as rumors of a market debut spread. In the meantime, investors seeking more details about Databricks or pre-IPO AI firms can visit the TipRanks Private Company Center. ### Related Stocks - [SNOW.US](https://longbridge.com/en/quote/SNOW.US.md) - [SNOY.US](https://longbridge.com/en/quote/SNOY.US.md) - [SNOU.US](https://longbridge.com/en/quote/SNOU.US.md) - [RANK.US](https://longbridge.com/en/quote/RANK.US.md) ## Related News & Research - [Top Analyst Sees 85% Upside for Snowflake Stock, Says AI Fears Had It Backwards: 'The Game Has Changed'](https://longbridge.com/en/news/294218203.md) - [Snowflake on Unveiling Cortex AI](https://longbridge.com/en/news/294084125.md) - [AI investing genius Leopold Aschenbrenner owns 20% of this AI stock. Should you buy it too?](https://longbridge.com/en/news/293820947.md) - [11:26 ETSolid Joins Snowflake and Industry Leaders to Advance Open Standards for AI-Ready Semantic Context](https://longbridge.com/en/news/293775464.md) - [Quanta Services surges on blowout earnings for AI power infrastructure giant](https://longbridge.com/en/news/294368119.md)