๐ Databricks Hits $188 Billion Valuation in New Coatue-Led Funding Round
Databricks signed a term sheet for a ~$3B strategic funding round at a $188B valuation โ up sharply from $134B earlier this year. Coatue is leading, with new and existing investors joining. The capital goes into Unity AI Gateway, its Genie AI coworker, and Lakebase โ a serverless Postgres database built for AI agents. Will Databricks finally go public at this valuation or keep growing private?
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