Databricks $190B Valuation: CEO Says the Model Race Is Over

Databricks closed a $5 billion funding round at a $190 billion valuation, with CEO Ali Ghodsi stating that AGI has already arrived and the model race is over, emphasizing that companies owning data context for AI agents will win the next five years. The round, initially planned at $1 billion, saw investor interest balloon to $15 billion after The Information published a story about it.

Databricks closed a $5 billion funding round yesterday at a $190 billion valuation — and buried beneath the headline number is a more interesting story: CEO Ali Ghodsi thinks AGI has already arrived, the model race is done, and the companies that win the next five years are the ones that own the data context underneath AI agents. The Raise That Almost Wasn’t Databricks originally planned to raise $1 billion. Then The Information published a story about the round while Ghodsi’s team was in the middle of a conference. His phone blew up. Investor interest ballooned to $15 billion from … The post