Coatue Management is reportedly leading a US$3 billion investment in Databricks, a US data analytics software company, at a US$188 billion valuation.

Databricks earlier in 2026 completed a roughly US$5 billion fundraising round at a US$134 billion valuation.

The company sells a lakehouse platform that combines data lake and data warehouse features.

It has also expanded into AI software for building agents and other applications on enterprise data.

Databricks said in February it had a US$5.4 billion revenue run rate, up more than 65% year on year. In June, the company’s annualized revenue had reached US$6.9 billion, while margins were narrowing.

That earlier financing package also included US$2 billion in debt capacity and was meant to fund AI products, acquisitions, and employee liquidity.

At a US$134 billion valuation, Databricks was already worth more than Snowflake, whose market capitalization was about US$83 billion in June.

Databricks’ management has also said the company could remain private until market conditions improve.

🔗 Source: Reuters

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