Databricks Hits $190 Billion Valuation As CEO Ali Ghodsi Claims AGI Already Arrived

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  "detected_at": "2026-08-13T13:26:14+00:00",
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    "name": "Databricks",
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    "url": "https://www.forbes.com/sites/victordey/2026/08/13/databricks-hits-190-billion-valuation-as-ceo-ali-ghodsi-claims-agi-already-arrived/",
    "title": "Databricks Hits $190 Billion Valuation As CEO Ali Ghodsi Claims AGI Already Arrived",
    "author": "Victor Dey, Contributor",
    "excerpt": "By Victor Dey , Contributor. Databricks closed a $5 billion strategic funding round at a $190 billion valuation, up from the $188 billion term sheet led by Coatue, after crossing a $7 billion revenue run-rate growing more than 80% year over year. In an exclusive interview, cofounder and CEO Ali Ghodsi says artificial general intelligence (AGI) has already arrived - and that enterprise context, AI token costs and agent infrastructure are now the real bottlenecks. The capital will fund Unity AI Gateway, Lakebase and Genie as Databricks battles competitors including Snowflake, Oracle and others for the enterprise AI stack. Ghodsi also revealed the company is \"very unlikely\" to IPO before Anthropic or OpenAI. Databricks cofounder and CEO Ali Ghodsi claims artificial general intelligence (AGI) has already arrived - at least by the definition the industry used before 2022. Investors are now backing that thesis with $5 billion of fresh capital. The company announced that it closed strategic financing at a $190 billion post-money valuation after surpassing a $7 billion revenue run rate and growing more than 80% year over year. On July 16, the company had announced the round at $188 billion after signing a term sheet led by existing investor Coatue; Ghodsi says the higher final figure reflects the larger amount raised and additional shares issued. Coatue led the recent round alongside...",
    "summary": "Databricks closed a $5 billion strategic funding round at a $190 billion valuation.",
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    "image_url": "https://imageio.forbes.com/specials-images/imageserve/6a7dbe0ba2ae17640e632e89/0x0.jpg?format=jpg&crop=5808,3267,x0,y77,safe&height=900&width=1600&fit=bounds",
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    "published_at": "2026-08-13T13:26:14Z",
    "article_sentence": "Databricks closed a $5 billion strategic funding round at a $190 billion valuation, up from the $188 billion term sheet led by Coatue, after crossing a $7 billion revenue run-rate growing more than 80% year over year.",
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