- Data-and-AI platform Databricks closed a $5B round led by Coatue Management, lifting its valuation to $190B, up 42% from $134B in February.
- Annual recurring revenue now tops $7B, with quarterly revenue growing more than 80% year over year.
- New funds will go toward products including Lakebase, its database built for AI agents.
Why it matters:Enterprise data infrastructure and AI agents are converging as the core investor thesis, a useful market signal for companies weighing their own data strategy.