Databricks Hits $190 Billion Valuation With New $5 Billion Funding Round

by News Editor

August 13, 2026

Databricks has closed a $5 billion funding round at a $190 billion valuation, marking a significant increase from the $134 billion valuation it reached just six months ago. The company said Thursday that its revenue run rate surpassed $7 billion in the second quarter, with revenue growing more than 80% year over year.

Funding To Accelerate Enterprise AI

Databricks plans to use the new capital to expand its enterprise AI capabilities, including its Unity AI Gateway governance platform and Genie agentic tools.

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Founded in 2013, Databricks helps businesses build AI applications and agents using their proprietary data. The latest round comes after the company raised $5 billion and secured $2 billion in additional debt capacity earlier this year.

Expanding Beyond Data Analytics

The company has been moving beyond its core data platform into several new areas. Its recently launched Lakebase database, which competes with companies such as Oracle and SAP, has already surpassed a $100 million revenue run rate, according to Databricks.

Meanwhile, its Lakehouse data warehousing business has exceeded a $1.5 billion run rate, while Lakewatch marked the company’s entry into cybersecurity earlier this year.

Databricks ranked No. 3 on CNBC’s 2026 Disruptor 50 list and has grown into a major private-market competitor to Snowflake.

Private Markets Keep IPO Pressure Low

Large private funding rounds are allowing companies such as Databricks to delay going public. Meanwhile, Anthropic and OpenAI are preparing for potential IPOs, highlighting the growing competition for investor capital across private and public AI companies.

The latest Databricks round was led by Coatue, Blackstone, MGX, T. Rowe Price and Sixth Street Growth.

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Cyprus’ Strong Youth Employment Rate Still Does Not Guarantee Early Independence

by THEFUTURE.TEAM

September 16, 2026

Young people in Cyprus have a relatively high employment rate, but they leave the parental home later than the EU average, according to Eurostat data.

Cypriots left home at an average age of 27 in 2025, compared with 26.3 years across the EU. At the same time, 72.3% of people aged 20 to 29 in Cyprus were employed, well above the EU average of 65.5%.

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Strong Employment Does Not Mean Early Independence

Only nine countries recorded higher youth employment rates than Cyprus. Iceland led at 85.3%, followed by the Netherlands at 84%, Malta at 82.1%, Switzerland at 78.3% and Germany at 77%.

Norway recorded 76.5%, Ireland 76.1%, Denmark 74.8% and Austria 74.6%. Eurostat said countries where young people leave home earlier generally tend to have higher youth employment rates.

Southern Europe Sees Later Moves

Finland had the lowest average age for leaving the parental home at 21.4 years, followed by Denmark at 21.8 and Estonia and Lithuania at 22.7. Croatia recorded the highest average at 31.5 years, followed by Greece and Slovakia at 30.9. Spain and Italy both stood at 30.2 years.

Across the EU, the average has remained close to 26 since 2002, rising only slightly from 26.2 years in 2024 to 26.3 years in 2025.

Cyprus Labour Market Is Cooling

The figures come as Cyprus’ labor market shows some signs of easing, although demand for workers remains relatively strong by European standards.

Separate Eurostat data showed Cyprus had the EU’s largest annual decline in its job vacancy rate in the second quarter of 2026. The rate fell to 2.6% from 3.3% a year earlier, but remained above the EU average of 2.0% and the euro area average of 2.1%.

Cost Of Living Remains A Factor

Housing and other living costs can also affect how quickly young workers establish independent households. Eurostat reported that Cyprus’ household consumption price level was 89.2% of the EU average in 2025.

A relatively lower overall price level does not eliminate affordability pressures for people on modest incomes. For younger workers, the issue can be whether wages are sufficient to cover rent, utilities, food and other basic expenses.

Cyprus therefore combines relatively high youth employment with a later transition to independent living, suggesting that access to work and the ability to afford a separate household do not always move together.

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