New Delhi, Aug. 14 -- Databricks has raised $5 billion in strategic funding at a $190 billion valuation, as the data and AI company reported that its revenue run-rate crossed $7 billion following more than 80% year-over-year growth during its second quarter.

The funding round was led by Coatue, with participation from Blackstone, MGX, accounts advised by T. Rowe Price, and new investor Sixth Street Growth.

Other new investors included BOND, Clearlake Capital, Point72, Premji Invest and TPG. Existing investors participating in the round included Andreessen Horowitz, Dragoneer, Fidelity Management & Research Company, Franklin Templeton, GIC, Goldman Sachs Alternatives, Insight Partners, J.P. Morgan Private Capital, Kinetic, Morgan Stanley...