GoKawiilDatabricks on Thursday said it closed a $5 billion funding round at a $190 billion valuation.
The company said that it has crossed $7 billion in revenue run rate and grown more than 80% year-over-year in its second quarter.
CEO Ali Ghodsi told CNBC's Jon Fortt on Thursday that "demand is crazy."
"What's happening basically is everybody's using these agents, AI agents, and the whole world is laser focused on agents, AI, and sort of you know that core part of it," Ghodsi said on CNBC's "Squawk on the Street."
Ghodsi highlighted strength in the AI software company's Lakebase database unit, Genie coworker agent and its AI Gateway tool, which helps control model use and costs.
Databricks said it will use the funding to support enterprise AI capabilities, including its Unity AI Gateway governance tool and Genie agentic tool.
The company's recent Lakebase database launch pits it against incumbents like Oracle and SAP and has already surpassed a $100 million revenue run rate, Databricks said. The company said its Lakehouse data warehousing tool has surpassed a $1.5 billion run rate.
In March, Databricks dipped its toes into cybersecurity with its Lakewatch software.