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

Databricks raised funding at a $188 billion valuation, driven by Coatue's bet on enterprise AI governance tools that are outpacing the underlying AI models. The company, founded by UC Berkeley academics to commercialize Apache Spark, is now a key player in AI infrastructure.

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