Databricks reached a $190 billion post-money valuation in its August 2026 $5 billion strategic round led by Coatue, with revenue run-rate climbing to $7 billion at over 80% year-over-year growth driven by AI products and data warehousing. Secondary market marks have since implied values near $214 billion as of mid-October 2026, reflecting continued investor demand amid strong net retention above 140% and positive free cash flow. CEO Ali Ghodsi has deferred any IPO until 2027 citing a crowded calendar, leaving room for additional private rounds or secondary transactions before year-end that could shift marks. Recent acquisitions such as Row Zero further support enterprise AI momentum, though analyst notes highlight wide gaps between market-implied multiples and estimated operating value.