Singapore, 17 July 2026 – Databricks is raising a new strategic funding round at a valuation of US$188 billion, giving the data and artificial intelligence company additional capital to expand its enterprise AI platform, pursue acquisitions and deepen research.
The company has signed a term sheet for the round, which is expected to close later this summer and will be led by existing investor Coatue. Additional new and existing investors are also expected to participate.
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