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Story summary
- Databricks signed a term sheet for a funding round valuing it at $188 billion, led by Coatue.
- The round, expected to close in summer 2026, is estimated by media at roughly $3 billion.
- Capital will accelerate Unity AI Gateway, Genie, and Lakebase and fund AI acquisitions and research.
- Databricks reported a $5.4 billion revenue run rate in February 2026, a 65 % increase YoY.
- CEO Ali Ghodsi said an IPO could happen in 2027.
