By Kate Clark and Berber Jin

Coatue Management is leading a $3 billion investment in Databricks, a data-analytics software provider, that values the company at $188 billion, according to people familiar with the matter.

The new financing represents a 40% increase from its valuation in December, when Databricks raised money at a $134 billion valuation. The San Francisco-based company has been a major beneficiary of the artificial-intelligence boom. It recently releasing a new software tool, called Unity AI Gateway, that allows companies to access AI models and track their spending on the technology.

Write to Kate Clark at kate.clark@wsj.com and Berber Jin at berber.jin@wsj.com

(END) Dow Jones Newswires

July 16, 2026 21:04 ET (01:04 GMT)