Coatue Leads $3B Investment in Databricks at $188B Valuation, 40% Above December Mark

The Wall Street Journal reports that Coatue is leading a $3 billion investment in Databricks that values the data-analytics and AI platform at $188 billion, a roughly 40% jump from its December valuation. The new round vaults Databricks past its prior $134B Series L and previously-reported $165–175B secondary-market chatter, cementing it alongside OpenAI and Anthropic in the top tier of privately held AI companies. Coverage is corroborated by international aggregation (The Star / Reuters wire) though the WSJ original is paywalled.