Databricks targets $165B–$175B funding valuation after $134B round in February 2026

Databricks is in talks for a new funding round that could value the company at $165 billion to $175 billion, following a $134 billion valuation in February 2026. The company previously said its annualized revenue run rate exceeded $5.4 billion at that time, including $1.4 billion from AI products, while CEO Ali Ghodsi has indicated an IPO could come as early as 2027.