# Databricks valuation jumps 40% in 6 months to $188 billion > Source: > Published: 2026-07-17 09:43:15+00:00 [AI](/tag/ai/) Databricks is raising more funding to fuel its expanding fleet of AI products. The cloud-based data platform company [announced the strategic funding round](https://www.databricks.com/company/newsroom/press-releases/databricks-raising-strategic-round-funding-188-billion-valuation?ref=thestack.technology) late Wednesday, June 16. It said the term sheet had been signed for the raise, which values the company at $188 billion, and would close later in the summer. The new valuation marks a 40% jump from December, when it was last valued at $134 billion after completing around $7 billion in investments.The round is being led by Coatue, and will include new and existing investors. ## Get the full story: Subscribe for free Join peers managing over $100 billion in annual IT spend and subscribe to unlock full access to The Stack’s analysis and events. [Subscribe now](https://www.thestack.technology/membership/) Already a member? [Sign in](https://www.thestack.technology/signin/)