Databricks' most recent primary round closed in mid-August 2026 at a $190 billion post-money valuation on $5 billion raised, supported by a $7 billion annualized revenue run rate growing more than 80% year-over-year and positive adjusted free cash flow. Secondary-market marks have since edged higher, with indications around $192–214 billion as of early October, reflecting sustained AI demand for its Lakehouse platform, Lakebase database, and agent tools amid competition with Snowflake. No new funding rounds or material corporate updates have emerged in the past 30 days, leaving trader-implied odds sensitive to any pre-October 31 announcements on growth metrics or strategic developments before the market resolves.