Databricks closes $5 billion financing led by Coatue

Comparatively, AI data infrastructure company Databricks announced the completion of a strategic financing of 5 billion US dollars, and the company's post-investment valuation reached 190 billion US dollars. The funding round is larger than the $188 billion valuation plan previously disclosed, and the funds will be used to advance AI infrastructure layout, product development, and potential mergers and acquisitions.

The funding round was led by Coatue, with the participation of Blackstone, MGX and T. Rowe Price, and Sixth Street Growth joined as a new investor. Ali Ghodsi, co-founder and CEO of Databricks, said that the company's current annualized revenue run rate (revenue run rate) has exceeded 7 billion US dollars, an increase of more than 80% over the previous year. In terms of AI agent infrastructure, Databricks believes that the scale of AI generation software will grow dramatically in the future, and every AI application needs database support. The company said its Lakebase launches more than 16 million Postgres database instances every day and enables AI agents to quickly create, test, and destroy application environments. (Forbes)