{"slug": "databricks-raising-new-funding-at-188b-valuation", "title": "Databricks raising new funding at $188B valuation", "summary": "Databricks Inc. is raising a new funding round at a $188 billion valuation, led by Coatue, with plans to add $3 billion to its balance sheet. The company will use the capital to expand its AI capabilities, focusing on its Genie AI assistant suite, Lakebase database, and Unity AI Gateway governance tool. Databricks also intends to pursue acquisitions to further enhance its platform.", "body_md": "### Databricks raising new funding at $188B valuation\n\nDatabricks Inc. is in the process of finalizing a funding round that will value it at $118 billion.\n\nThe company [announced](https://www.databricks.com/company/newsroom/press-releases/databricks-raising-strategic-round-funding-188-billion-valuation) the deal on Thursday without disclosing the amount that it’s raising. According to the [Wall Street Journal](https://www.wsj.com/tech/ai/databricks-set-to-hit-188-billion-valuation-with-new-investment-from-coatue-9eda18d6), the round will add $3 billion to Databricks’ balance sheet. Coatue is leading the investment with contributions from new and existing backers.\n\nDatabricks operates a cloud data platform that enterprises use to store and analyze business information. Over the past few years, the company has added numerous artificial intelligence features to speed up common analytics tasks. Databricks will use its new funding to further expand its AI capabilities.\n\nThe initiative will place particular emphasis on improving Genie, a suite of AI assistants that the company debuted in March. One of the tools in the lineup helps developers generate code such as SQL queries. Another makes it possible to create custom AI agents optimized for specific data science tasks.\n\nDatabricks debuted the newest addition to the suite, Genie One, earlier this year. It enables users to query records stored in Databricks and external platforms using natural language prompts. Genie One rolled out alongside a second new tool, Genie Ontology, that automatically organizes business records into a form that lends itself to analysis.\n\nDatabricks stated that its engineering push will also prioritize two other products: Lakebase and Unity AI Gateway.\n\nLakebase is a managed relational database that AI agents can use to store their information. Unity AI Gateway, in turn, is a governance tool for ensuring that AI agents meet quality requirements. It applies cybersecurity guardrails, blocks harmful prompt responses and performs related tasks. The tool also identifies opportunities to lower agent-related hardware costs.\n\n“Enterprises are moving from tokenmaxxing to valuemaxxing,” said Databricks co-founder and Chief Executive Officer Ali Ghodsi, Co-founder and CEO of Databricks. “They don’t want to burn expensive tokens on the smartest model for every task – they want the best outcome per dollar. That means having the freedom to choose the right AI for the job.”\n\nDatabricks will use some of the proceeds from the new round to make acquisitions. Lakebase is the fruit of a $1 billion startup purchase that the company [inked](https://siliconangle.com/2025/05/14/databricks-buys-serverless-database-startup-neon-reported-1b/) last May. A few months later, Databricks expanded the platform’s capabilities by buying another startup called Mooncake Labs Inc. The deal bought the company technology that reduces the need to move data between applications and lowers the associated costs.\n\nDatabricks has already signed a term sheet for its latest funding round and expects to close it later this year.\n\n##### Image: [Databricks](https://www.databricks.com/company/newsroom/press-kit)\n\n# A message from John Furrier, co-founder of SiliconANGLE:\n\nSupport our mission to keep content open and free by engaging with theCUBE community. **Join theCUBE’s Alumni Trust Network**, where technology leaders connect, share intelligence and create opportunities.\n\n**15M+ viewers of theCUBE videos**, powering conversations across AI, cloud, cybersecurity and more** 11.4k+ theCUBE alumni**— Connect with more than 11,400 tech and business leaders shaping the future through a unique trusted-based network.\n\n# Are you AWS customer? Support SiliconANGLE Financially by buying your AWS services from our Marketplace portal page and links.\n\n**About SiliconANGLE Media**\n\n[SiliconANGLE](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fsiliconangle.com%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=SiliconANGLE&index=9&md5=646b1b564e2259100a2b8638aab0a552),\n\n[theCUBE Network](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thecube.net%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=theCUBE+Network&index=10&md5=7de2a85f95ab4a4a495cede20b8cb1da),\n\n[theCUBE Research](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fthecuberesearch.com%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=theCUBE+Research&index=11&md5=7bb33676722925eb57d588ec343e4f6f),\n\n[CUBE365](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.cube365.net%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=CUBE365&index=12&md5=d310fb35919714e66ad8d42c9c0c1bc6),\n\n[theCUBE AI](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.thecubeai.com%2F&esheet=54119777&newsitemid=20240910506833&lan=en-US&anchor=theCUBE+AI&index=13&md5=b8b98472f8071b23ebb10ab9a8dd0683)and theCUBE SuperStudios — with flagship locations in Silicon Valley and the New York Stock Exchange — SiliconANGLE Media operates at the intersection of media, technology and AI.\n\nFounded by tech visionaries John Furrier and Dave Vellante, SiliconANGLE Media has built a dynamic ecosystem of industry-leading digital media brands that reach 15+ million elite tech professionals. Our new proprietary theCUBE AI Video Cloud is breaking ground in audience interaction, leveraging theCUBEai.com neural network to help technology companies make data-driven decisions and stay at the forefront of industry conversations.", "url": "https://wpnews.pro/news/databricks-raising-new-funding-at-188b-valuation", "canonical_source": "https://siliconangle.com/2026/07/17/databricks-raising-new-funding-188b-valuation/", "published_at": "2026-07-17 22:54:31+00:00", "updated_at": "2026-07-17 23:22:35.898059+00:00", "lang": "en", "topics": ["ai-products", "ai-infrastructure", "ai-agents", "ai-startups", "generative-ai"], "entities": ["Databricks", "Coatue", "Ali Ghodsi", "Genie", "Lakebase", "Unity AI Gateway", "Mooncake Labs", "Neon"], "alternates": {"html": "https://wpnews.pro/news/databricks-raising-new-funding-at-188b-valuation", "markdown": "https://wpnews.pro/news/databricks-raising-new-funding-at-188b-valuation.md", "text": "https://wpnews.pro/news/databricks-raising-new-funding-at-188b-valuation.txt", "jsonld": "https://wpnews.pro/news/databricks-raising-new-funding-at-188b-valuation.jsonld"}}