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See the full story · 2 sourcesDatabricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation.
The company said that it has crossed $7 billion in revenue run rate and grown more than 80% year-over-year in its second quarter.
CEO Ali Ghodsi told CNBC's Jon Fortt on Thursday that "demand is crazy."
"What's happening basically is everybody's using these agents, AI agents, and the whole world is laser focused on agents, AI, and sort of you know that core part of it," Ghodsi said on CNBC's "Squawk on the Street."
Ghodsi highlighted strength in the AI software company's Lakebase database unit, Genie coworker agent and its AI Gateway tool, which helps control model use and costs.
Databricks said it will use the funding to support enterprise AI capabilities, including its Unity AI Gateway governance tool and Genie agentic tool.
The company's recent Lakebase database launch pits it against incumbents like Oracle and SAP and has already surpassed a $100 million revenue run rate, Databricks said. The company said its Lakehouse data warehousing tool has surpassed a $1.5 billion run rate.
In March, Databricks dipped its toes into cybersecurity with its Lakewatch software .
The funding round comes six months after the private data analytics software company raised $5 billion in funding and $2 billion in new debt capacity at a $134 billion valuation.
Databricks is among a growing group of companies that have delayed going public, given the myriad of funding opportunities emerging in private markets.
SpaceX 's blockbuster IPO set the stage for a potentially big year for IPO activity, but shares have been volatile since the debut. Frontier model makers Anthropic and OpenAI have both confidentially filed to go public, gearing up to debut as soon as this year.
Founded in 2013, Databricks helps companies build AI agents and apps using proprietary data.
The company, which ranked No. 3 on CNBC's 2026 Disruptor 50 list, has already exceeded public market rival Snowflake in market value and is expanding its newer verticals.
Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth led the funding round.
— CNBC's Jordan Novet contributed reporting
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