Databricks

Overview

Databricks is a data and AI platform company (Lakehouse, Unity Catalog, Genie, Lakebase). In July 2026 it announced a Coatue-led term sheet at a $188 billion valuation.

Contradiction

Company PR confirms $188Bvaluationtermsheetledby[[coatue]]butdoesnotdiscloseraisesizeorclosedate([[2026-07-18-databricks-188b-official-pr]]).$3B raise size appears only in WSJ/Reuters “people familiar” secondary reporting (2026-07-18-databricks-188b-cna-reuters, 2026-07-18-databricks-188b-tnw) — do not treat as company-confirmed.

Recent Developments

• 2026-08-03: Cited as interoperability target for june-ai enterprise AI deployment platform (2026-08-03-june-ai-globenewswire)

• 2026-07-31: Appears as debut name on clear-street-private-markets pre-ipo-access product — no formal relationship with Clear Street; exposure via spv-investing / fund layer (2026-08-02-clear-street-private-markets-official-pr, 2026-08-02-dcbrief-clear-street-databricks)

• 2026-07: genie-code agentic SQL converter beta — parallel subagents translate T-SQL/Snowflake/Redshift/Oracle/BigQuery/Teradata → ANSI SQL; builds on lakebridge; beta limits 300 files / 1,000 lines (2026-07-30-databricks-agentic-sql-converter-beta)

• 2026-07-16: Signed term sheet at $188B valuation led by Coatue; close expected later summer; raise amount undisclosed by company (2026-07-18-databricks-188b-official-pr, 2026-07-18-databricks-188b-valuation-coatue-round)

• Prior path: $62B(Dec2024)\to$134B (Feb 2026 ~$5Braise)\to$188B (Jul 2026 term sheet)

Related

• private-markets-retailization

• spv-investing

• pre-ipo-access

• clear-street-private-markets

• clear-street

• snowflake

• ansi-sql-migration

• lakehouse

• lakebridge

• genie-code

• coatue

• unity-ai-gateway

• ai-infrastructure

• enterprise-ai

• venture-capital

• databricks-188b-valuation-coatue-round

• enterprise-ai-deployment