capital
Databricks wanted to raise $1B, investors wanted $15B. It settled on $5B at a $190B valuation.
August 14, 2026
Databricks originally aimed to raise $1 billion, but strong investor demand pushed the company to accept $5 billion at a $190 billion valuation instead. CEO Ali Ghodsi said AI is expensive and the round was expanded because so many investors wanted in, underscoring how capital-intensive the AI race has become.
AI is expensive, Ali Ghodsi tells TechCrunch. With so many investors wanting into his latest round, he said yes to more than planned.
Source: techcrunch.com