SITUATION EXPLAINED: Databricks raised $5 billion at $190

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SITUATION EXPLAINED: Databricks raised $5 billion at $190 billion. • $5 billion at $190 billion, up from $134 billion in December, when it raised the same amount • It crossed a $7 billion run rate in Q2 with 80%+ growth, and has been cash-flow positive on an adjusted basis for 12 months • The money goes to agent infrastructure, which Ghodsi says is where the bottleneck now sits, alongside enterprise context and token costs @theojaffee: "This group of guys at UC Berkeley was working on Apache…

databricks@databricksAug 13

Today, we’re pleased to share strong momentum across our business, including crossing $7B in revenue run-rate and achieving >80% year-over-year growth in Q2. We also shared: • >$100M revenue run-rate for Lakebase • >$1.5B revenue run-rate for Lakehouse • Closed $5B in new strategic funding at a $190B valuation This new capital will fuel investments in Genie, Lakebase and Unity AI Gateway so we can help customers scale AI with greater context, control and choice. Learn more: https://t.co/Skpq3Ms1OQ

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