Aug 13 (Reuters) - Databricks said on Thursday it had closed

a $5 billion strategic funding round at a $190 billion valuation

as the data and AI software company looks to expand investments

in products for AI agents.

The round was led by Coatue with participation from

Blackstone, MGX, accounts advised by T. Rowe Price

Associates and T. Rowe Price Investment Management and new

investor Sixth Street Growth.

The company also said it had surpassed a $7 billion

annualized revenue run-rate, delivering more than 80%

year-over-year growth in the second quarter.

Databricks, which helps enterprises analyze data and build

AI applications, competes with Snowflake and is widely

regarded by analysts as one of the most prominent private

companies likely to pursue an eventual initial public offering,

alongside OpenAI and Anthropic.