Databricks wraps $5 billion funding round at $190 billion valuation

#Databricks #CNBC Top Stories #CNBC

Databricks is benefitting off of the agentic AI wave.

Databricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation.

The company said that it has crossed $7 billion in revenue run rate and grown more than 80% year-over-year in its second quarter.

CEO Ali Ghodsi told CNBC's Jon Fortt on Thursday that "demand is crazy."

"What's happening basically is everybody's using these agents, AI agents, and the whole world is laser focused on agents, AI, and sort of you know that core part of it," Ghodsi said on CNBC's "Squawk on the Street."

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