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Databricks secures $3 billion round at valuation boosted by 40%
Coatue leads the $3 billion venture capital round, which Databricks says will fund expansions across AI cost governance, a workplace agent, and a serverless AI-focused Postgres offering.
Databricks is set to close a new venture funding round that will lift its valuation by 40% from its prior capital raise in February, according to Yahoo Finance. The company’s valuation growth is described as restrained compared with AI peers, highlighting how institutional money continues to concentrate in top startups.
The outlet notes that rival Anthropic’s valuation rose from $380 billion to $965 billion over the same period, more than doubling in a single quarter. In the background, analysts cited by Yahoo Finance say the scale of recent fundraising provides startups with “dry powder” for expansion, deal activity, and options ahead of potential public offerings.
Coatue is leading Databricks’ venture capital round, and the total deal size is $3 billion. Yahoo Finance adds that this is less than half of the capital raised in the previous round, which valued the company at $134 billion, bringing Databricks’ total fundraising to $29.5 billion to date.
Databricks plans to use the new capital to expand product offerings, including its multi-AI governance tool aimed at managing AI costs, its workplace AI agent, and its serverless Postgres database built for AI agents. Yahoo Finance also cites PitchBook data suggesting the top five venture deals accounted for 77.6% of new unicorn investments in the first quarter.