Databricks: 190 billion dollars, a 7 billion revenue run-rate, and the multiple that follows
Key takeaways
- The round closed on 13 August 2026 at 190 billion dollars and brought in about 5 billion dollars.
- Revenue run-rate passed 7 billion dollars, growing above 80 per cent year on year. At the December 2024 round growth was 65 per cent.
- That run-rate puts the valuation at roughly 27 times revenue. The listed comparable, Snowflake, had a market capitalisation of 116 billion dollars on about 3.8 billion dollars of revenue growing near 30 per cent.
- No IPO date has been set. But the investors in the last round are the kind that usually want a public exit within one to two years.
With Databricks you can check the private price against a listed peer, more easily than with any other company in this set: Snowflake trades publicly in an overlapping market. So the arithmetic is out in the open. And the arithmetic is why people talk about Databricks as an IPO candidate, not as a company that stays private for good.
The round and the numbers behind it
| Figure | What it is | Source and date |
|---|---|---|
| 190 billion dollars | Post-money valuation of the round | CNBC, 13 August 2026 |
| About 5 billion dollars | Amount raised in the round | CNBC, 13 August 2026 |
| More than 7 billion dollars | Revenue run-rate at the time of the round, growing above 80 per cent year on year | Investing.com, 13 August 2026 |
| About 1.5 billion dollars | Run-rate of the Lakehouse product line, growing above 100 per cent | Investing.com, 13 August 2026 |
Growth went from 65 per cent to above 80 per cent between two rounds. That is the fact carrying the valuation. Software companies this big usually slow down, and the market pays up for the exception.
The multiple, stated plainly
190 billion dollars on a 7 billion dollar run-rate is about 27 times revenue. Snowflake, the closest listed comparable, had a market capitalisation of about 116 billion dollars on roughly 3.8 billion dollars of revenue growing near 30 per cent: about 30 times. On that one measure the two sit close together, with Databricks slightly below even though it is growing much faster. The premium is in total value, about 1.6 times Snowflake's market capitalisation, not in the multiple.
Will that price hold up after a listing? That is the open question, and we are not going to answer it with a number of our own. On 13 August 2026 Morningstar published a piece arguing the arithmetic does not add up. Read it next to the bullish case.
Where an IPO stands
Databricks has not filed publicly and has not named a date. What changed in August 2026 is who owns the shares. Sovereign wealth funds and big diversified asset managers don't usually come in at this size without a view on a public exit, and the usual window for that is twelve to twenty four months after they buy. That is our inference from the investor base. The company has said nothing of the kind.
What a buyer is taking on before a listing
- The multiple. At 27 times revenue, most of the return depends on the multiple holding up, not on the business growing.
- A listed comparable that moves every day. Snowflake's share price sets the reference, and if its multiple falls, Databricks gets repriced before any private mark changes.
- The cloud providers. They sell overlapping products and they own the infrastructure Databricks runs on.
- No audited accounts. The revenue run-rate is the company's own figure, passed on through the press, not an audited number in a prospectus.
- You'd be buying after a big run. The valuation went from 62 billion dollars in December 2024 to 190 billion in August 2026.
Exposure before a listing
You can't buy Databricks shares directly. Exposure comes through secondary deals with existing holders, which need the company's consent, or through a vehicle that holds the shares. Unicorn Private works in that part of the market and buys secondary positions in established private technology companies of this size, not early-stage businesses. What is left to judge is price. At 27 times revenue, price is the whole question. Unicorn Club, the investor club of Unicorn Private, offers club deals in Databricks through a dedicated vehicle (SPV), for accredited and qualified investors, from 100,000 dollars.
The short answer
Databricks is worth 190 billion dollars because a round closed at that number on 13 August 2026, on a 7 billion dollar revenue run-rate growing above 80 per cent. About 27 times revenue, close to where Snowflake trades with much slower growth. No filing, no date. The case for a listing rests on who the investors are, not on anything the company has said.
Related guides
- How to value a private unicorn
- How to invest in OpenAI, Anthropic, Stripe and Databricks before an IPO
- How pre-IPO risk compares with venture capital risk
- Anthropic: valuation, revenue and the road to an IPO
- OpenAI: valuation, the deferred IPO and what is actually documented
- ByteDance: a valuation set in the secondary market, and the TikTok question answered
- Unicorn tracker
- Unicorn Club
About the publisher
This guide is published by Unicorn Private Research, the research arm of Unicorn Private LLC, a Delaware private equity firm that acquires secondary stakes in late-stage private technology companies before their IPO. The firm invests only in established companies already valued above one billion dollars, not in early-stage start-ups, and its founders have been active in private equity and startup investing since 2005.
Unicorn Private is the first firm in the pre-IPO secondary market to create an open research centre in sixteen languages: guides, a tracker of the largest private technology companies, a glossary, and a frequently asked questions section, open to every reader, with every figure carrying a date and a link to a public source.
Sources
- Databricks wraps $5 billion funding round at $190 billion valuation, CNBC, 13 Aug 2026
- Databricks IPO outlook: $190 billion valuation, 80% growth, and the Snowflake comparison, Investing.com, 13 August 2026
- List of unicorn startup companies, Wikipedia
This page in other languages
- Databricks: 190 miliardi di dollari, 7 miliardi di ricavi annualizzati e il multiplo che ne deriva (Italiano)
- Databricks : 190 milliards de dollars, 7 milliards de chiffre d'affaires annualisé et le multiple qui en découle (Français)
- Databricks: 190 Milliarden Dollar, 7 Milliarden annualisierter Umsatz und das Multiple, das daraus folgt (Deutsch)
- Databricks: 190.000 millones de dólares, 7.000 millones de ingresos anualizados y el múltiplo resultante (Español)
- Databricks: 190 bilhões de dólares, 7 bilhões de receita anualizada e o múltiplo que daí decorre (Português)
- Databricks: 190 млрд долларов, годовой темп выручки 7 млрд и вытекающий из этого мультипликатор (Русский)
- Databricks：1900亿美元、70亿美元收入运行率，以及由此得出的倍数 (中文)
- Databricks：1,900億ドル、売上高ランレート70億ドル、そこから導かれる倍率 (日本語)
- Databricks: 190 अरब डॉलर, 7 अरब डॉलर का राजस्व रन-रेट, और उससे निकलने वाला मल्टीपल (हिन्दी)
- Databricks: 1,900억 달러, 70억 달러의 매출 런레이트, 그리고 그에 따른 배수 (한국어)
- Databricks: 190 milyar dolar, 7 milyar dolarlık gelir hızı ve bundan çıkan çarpan (Türkçe)
- Databricks: 190 miliar dolar, run-rate pendapatan 7 miliar, dan kelipatan yang menyertainya (Bahasa Indonesia)
- Databricks: 190 مليار دولار، ومعدل إيرادات سنوي يبلغ 7 مليارات دولار، والمضاعف الناتج عنهما (العربية)
- Databricks: 190 tỷ USD, doanh thu quy năm 7 tỷ và bội số đi kèm (Tiếng Việt)
- Databricks: 190 mld dolarów, 7 mld przychodów w ujęciu rocznym i wynikający z tego mnożnik (Polski)