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Databricks raised $5 billion at a $190 billion valuation as AI agent demand soared

The data and AI company also crossed a $7 billion revenue run rate, growing more than 80% year over year in its second quarter

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Databricks closed a $5 billion funding round at a $190 billion valuation on Thursday, with proceeds earmarked for investment in products designed to help businesses build and manage AI agents.

The round was led by Coatue and included Blackstone, MGX, and accounts advised by T. Rowe Price $TROW Associates, Inc. and T. Rowe Price Investment Management, Inc., along with new investor Sixth Street Growth, the company said. Other new investors included BOND, Clearlake Capital, Point72,........

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