Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.
Databricks raised $5 billion at a $190 billion valuation, underscoring investor appetite for AI infrastructure scale.
Excerpt
AI is expensive, Ali Ghodsi tells TechCrunch. With so many investors wanting into his latest round, he said yes to more than planned.
Read at source: https://techcrunch.com/2026/08/13/databricks-wanted-to-raise-1b-investors-wanted-15b-it-settled-on-5b-at-a-190b-valuation/