Databricks' most recent equity round closed in mid-August 2026 at a $190 billion post-money valuation on $5 billion raised, led by Coatue with participation from Blackstone and others, following a $134 billion round earlier that year. The company reported surpassing a $7 billion annualized revenue run rate with over 80% year-over-year growth, driven by AI-related products including Lakebase and Genie. Secondary-market marks have since implied values of roughly $202 billion to $217 billion as of early October, reflecting sustained investor demand amid broader AI infrastructure spending. With no new primary round or major corporate event announced and October 31 resolution approaching, trader sentiment centers on whether secondary trading activity or any late-quarter update can push the implied valuation across the market threshold before month-end.