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AI NewsDatabricks Raises $5 Bn at $190 Bn Valuation as Revenue Run Rate Tops $7 Bn

Databricks Raises $5 Bn at $190 Bn Valuation as Revenue Run Rate Tops $7 Bn

6:53 PM IST · August 14, 2026

Databricks Raises $5 Bn at $190 Bn Valuation as Revenue Run Rate Tops $7 Bn

The company said Lakebase has crossed a $100 million revenue run-rate, while more than 1,000 customers now generate over $1 million in annualised revenue each.

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Amid the numerous tech layoffs happening across the globe, comes news about Google that has reportedly extended its voluntary exit programme to more countries this year. While there are no confirmed details about how many employees have voluntarily signed up for it, it has now been reported that Google had expanded its voluntary buyout offers in June. The news comes shortly after software giant Microsoft offered voluntary exit buyouts to about 60,000 employees primarily in the US, UK, India and Canada. More recently, Canva trimmed down 22 percent of its workforce, which affects 1,271 employees across several countries.

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OpenAI Introduces Images 2.6 With GIF Support and Faster API Models

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Databricks Raises $5 Bn at $190 Bn Valuation as Revenue Run Rate Tops $7 Bn