Databricks Hits $190 Billion Valuation in New $5 Billion Funding Round

Databricks raises $5 billion in new funding at a $190 billion valuation. The company crossed a $7 billion revenue run rate, growing more than 80% year-over-year in Q2. The round comes six months after raising $5 billion in funding and $2 billion in debt at a $134 billion valuation. Its newly launched Lakebase database product has already surpassed a $100 million revenue run rate. Private late-stage software giants don't need the public markets when private liquidity stays this cheap.