Databricks' most recent confirmed valuation stands at $190 billion following its $5 billion strategic round closed in August 2026, supported by an annualized revenue run-rate exceeding $7 billion with over 80% year-over-year growth. This momentum stems from strong enterprise demand for its Lakehouse platform, AI agent tools like Lakebase and Genie, and high customer retention above 140%, with more than 1,000 accounts exceeding $1 million in run-rate. Secondary market marks have hovered near $192–214 billion in October 2026, reflecting trader sentiment on sustained AI-driven expansion versus comparable public multiples around 23–27x revenue for peers like Snowflake. Key near-term catalysts include potential additional funding activity, AI product traction, and broader risk appetite in private tech valuations through year-end.