Official Databricks press release (July 16, 2026):
- Signed term sheet for strategic round at $188B valuation
- Led by existing investor Coatue; new and existing investors
- Expects to close later this summer (not yet closed)
- Raise amount NOT disclosed by company
- Capital for Unity AI Gateway, Genie, Lakebase; possible AI acquisitions and research
- CEO Ali Ghodsi: multi-AI strategy / valuemaxxing framing