Databricks said it raised $5 billion at a $190 billion valuation in a Coatue-led round backed by Blackstone, MGX, accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management, and new investor Sixth Street Growth, extending a fundraising surge driven by demand for AI data infrastructure. The company said the proceeds will support products for AI agents, including Lakebase, Genie and Unity AI Gateway, after annualized recurring revenue topped $7 billion and second-quarter 2026 revenue grew more than 80% year over year. The valuation jump also sharply lifted the paper value of earlier private-market stakes held by Nancy Pelosi-linked investors, Ark Invest and Nvidia. Using Forge's cited $43.4 billion valuation from the September 2023 round as a benchmark, Databricks' new post-money value implies private-market share gains of about 558.8%, suggesting the Pelosi holding disclosed in March 2024 could now be worth roughly $5.59 million to $27.94 million. Ark's venture fund, where Databricks is 2.3% of assets, and Nvidia would be sitting on similar gains, while investors seeking pre-IPO exposure can access the company indirectly through vehicles including the Ark Venture Fund and Robinhood Ventures Fund. Databricks competes with Snowflake and remains widely viewed as a leading IPO candidate, though the latest financing reduces any near-term pressure to list.