Databricks raises $5 billion in financing at $190 billion valuation

Databricks has closed a $5 billion strategic funding round at a $190 billion valuation, the data and AI software company said Thursday. The funding is aimed at expanding investments in products for AI agents, as Databricks looks to scale its offerings in the fast-moving AI market. The announcement follows a period of intense competition among enterprise AI platforms, where vendors are racing to add agentic capabilities and richer data tooling for customers. Reporting was by Rashika Singh in Bengaluru, and editing by Vijay Kishore.