Databricks said it is advancing a strategic investment at an $188 billion valuation, with Coatue leading the round and new and existing investors participating. According to Odaily, the company has signed the relevant term sheet and expects to complete the investment process this summer.
Databricks said the proceeds will be used mainly to strengthen its AI strategy and further develop core products and technologies including Unity AI Gateway, Genie, and Lakebase. The company also plans to use part of the funds for AI-related acquisitions and to expand its research and development capabilities.
Databricks Advances Strategic Investment at $188 Billion Valuation
2026-07-20 04:53:40
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