Databricks raises $5B at $190B valuation

Databricks raised $5 billion at a $190 billion valuation, led by Coatue, Blackstone, MGX, T. Rowe Price, and Sixth Street Growth. Annualized recurring revenue jumped over 80% year-over-year to more than $7 billion. Funds will enhance Lakehouse, Genie, and Unity AI Gateway.