⚡ AI Brief ⚡ Databricks has raised $5 billion at a $190 billion valuation. The company originally sought to raise just $1 billion, but received approximately $15 billion in investor interest before ultimately accepting $5 billion, making the round roughly 3x oversubscribed. Founded in 2013, Databricks is a leading enterprise data and AI platform. Its Lakehouse architecture helps organizations unify their data and provides the foundation for AI models and AI agents. The round was led by Coatue, with participation from Blackstone, MGX, T. Rowe Price, Sixth Street, Point72, TPG, Clearlake, BOND, and Premji Invest. Existing investors including a16z, Thrive Capital, and Dragoneer also increased their commitments. Databricks has now surpassed a $7 billion annual revenue run rate, growing more than 80% year over year. The company plans to use the new capital to expand its AI agent capabilities, betting that in the AI agent era, competitive advantage will come from controlling the data agents rely on—not just building the most powerful models. Source: Databricks, TechCrunch