Databricks hits $188B valuation, extending its run as AI’s favorite second act

Databricks has climbed to a $188B valuation as it continues repositioning itself from a data infrastructure company into an AI platform. The company has also published research arguing that open-weight AI models can reduce costs for coding-related workloads.

The valuation underscores investor appetite for companies that can connect enterprise data platforms with generative AI use cases. Databricks’ emphasis on open-weight models also reflects a broader push by businesses to control AI costs and avoid dependence on closed model providers.