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Databricks Raises $5 Billion at a $190 Billion Valuation

Bloomberg Technology Thursday 13 August 2026, 14:40 UTC By Dana Wollman 1 min read
Key Points

Databricks Raises $5 Billion at a $190 Billion Valuation Databricks Inc. has secured $5 billion in funding at a valuation of $190 billion, the second round of financing this year for a fast-growing software firm that competes with Snowflake Inc. and Alphabet Inc. The round was led by Coatue Management, along with Blackstone, MGX, T. Rowe Price Investment Management and accounts advised by T. Rowe Price Associates, Databricks said in a statement on Thursday.

Databricks Raises $5 Billion at a $190 Billion Valuation Databricks Inc. has secured $5 billion in funding at a valuation of $190 billion, the second round of financing this year for a fast-growing software firm that competes with Snowflake Inc. and Alphabet Inc. The round was led by Coatue Management, along with Blackstone, MGX, T. Rowe Price Investment Management and accounts advised by T. Rowe Price Associates, Databricks said in a statement on Thursday.
Snowflake Inc. (ORG) Alphabet Inc. (ORG) Coatue Management (ORG) Blackstone (ORG) MGX (ORG) T. Rowe Price Investment Management (ORG) T. Rowe Price Associates (ORG) Databricks (ORG)
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