# Databricks raises at $188B as Coatue’s enterprise AI governance play outpaces the models underneath it

> Source: <https://techfundingnews.com/databricks-raises-at-188b-as-coatues-enterprise-ai-governance-play-outpaces-the-models-underneath-it/>
> Published: 2026-07-20 10:10:00+00:00

Seven academics from UC Berkeley founded Databricks in 2013 to commercialise Apache Spark, a data processing engine they…