The leak that changed everything

It started with a single news article. Not a product launch, not a customer win — just a report from The Information that Databricks was raising money. That was enough to set off a chain reaction CEO Ali Ghodsi never anticipated.

“We wanted to raise $1 billion, but then The Information printed this article saying that Databricks is doing a big fundraise,” Ghodsi told TechCrunch. “We were heads down with our conference, and we were not actually at all focused on fundraising.”

The timing couldn’t have been worse. Databricks was in the middle of its annual user conference in June, and Ghodsi’s phone wouldn’t stop buzzing. “My phone blew up. It was like the worst timing for us because we were busy with our conference,” he recalled.

But here’s the thing about having too many investors pounding on your door — it’s a pretty good problem to have. What started as a modest $1 billion target quickly snowballed into something far bigger. “The interest level was just insane. Just from this select group of investors that we looked at, there was $15 billion of interest,” Ghodsi said.

From $1 billion to $5 billion: how the round grew

When you’ve got that much demand, telling longtime backers they can’t get in is a quick way to burn bridges. So Databricks made a pragmatic call: issue more stock. In July, the company announced it had closed a new round at a $188 billion valuation, though it kept the exact amount under wraps at the time.

On Thursday, the full picture emerged. Databricks raised $5 billion at a valuation that ticked up to a clean $190 billion. The round was led by Coatue, with participation from Blackstone, MGX, T. Rowe Price accounts, and newcomer Sixth Street Growth — the firm founded by former Goldman Sachs chief investment officer Alan Waxman. All told, about two dozen VCs got a piece of the deal.

Why investors were so eager

The answer is simple: Databricks looks like a sure bet. Ghodsi says the company has hit $7 billion in annualized run-rate revenue, growing at 80% and already cash-flow positive. Its core cloud data warehouse product alone generates $1.5 billion of that run-rate and is still expanding at 100% year-over-year.

Then there’s the AI angle. Lakebase, the company’s database for AI agents launched in June 2025, has already reached a $100 million revenue run-rate. And Genie, its AI chatbot for business analysis, is — in Ghodsi’s words — “insanely popular.”

Why raise more when the business is thriving?

That’s the obvious question. Databricks had already pulled in $20 billion over the past 20 months. But AI doesn’t come cheap.

“AI research is very expensive,” Ghodsi said, noting the company employs a 100-person AI research team. Databricks also has multi-billion dollar cloud commitments with all three major hyperscalers — AWS, Azure, and Google Cloud.

On top of that, Databricks is on an acquisition spree. This week it snapped up Electric, the company behind the lightweight Postgres database PGlite. In June it bought AI cybersecurity firm Panther, and in March it acquired two more startups. “We do a lot of M&A,” Ghodsi said simply.

The new math of mega-rounds

There was a time when a $1 billion raise was considered massive — a headline-grabbing feat that took months of courting investors. In today’s AI gold rush, that number barely moves the needle. Startups are walking out of the gate with billion-dollar seed rounds.

Databricks’ private fundraising has become something of a running joke in Silicon Valley. When the company announced this round last month, observers quipped online that it had raised so many times it was running out of letters of the alphabet to name the rounds.

What’s next for Databricks?

Ghodsi told CNBC he still wants to take the company public eventually. With this many investors on the cap table, all of whom will want an exit at some point, he doesn’t have much choice.

But for now, the focus is on investing in AI — and doing it out of the public eye. Given the expenses involved, staying private a while longer makes sense. And when you can command $15 billion in instant interest on your own terms, why rush?

For more on how AI companies are reshaping fundraising, check out our analysis of AI startup funding trends and the latest on Databricks competitors in the data lakehouse space.

Google is handing you the mixing board for Gemini’s voice

For months, Google has been quietly pushing Gemini to sound less like a robot reading a script and more like, well, a person. The next step? Letting you dial in exactly how that person talks.

Fresh code pulled from the latest Google app beta (version 17.41.12) points to a new Gemini voice customization panel. Instead of picking from a handful of preset personalities, you’d get four separate sliders: Energy, Formality, Warmth, and Speed. Each one runs from Low to High (or Slow to Fast for speed).

That’s a meaningful departure from the current setup, where your choices are essentially limited to the voices Google cooked up for you.

What the new controls actually do

The feature hasn’t been announced yet, so we’re working from what’s visible in the code. Android Authority’s APK Insights team dug into the strings and found a dedicated “Customize” section tucked inside Gemini’s voice settings.

Here’s the breakdown of what you’d be able to adjust:

• Energy: Low, Medium, High
• Formality: Low, Medium, High
• Warmth: Low, Medium, High
• Speed: Slow, Normal, Fast

These aren’t meant to replace the existing voices. Rather, they’d layer on top of them. So you could pick a voice you like and then tweak its delivery to match your mood or use case — say, a brisk, formal tone for work queries and a slower, warmer one for casual chats.

The settings are expected to carry across both Gemini Live and the standard chat interface, which means you won’t have to reconfigure things depending on where you’re talking.

Why this matters after the Google I/O refresh

This discovery lands right after Google overhauled the voice picker following I/O. The old carousel interface is gone, replaced with a cleaner list. Two new voices — Flare and Glow — joined the lineup, bumping out Nova and Lyra.

The current roster now stands at ten voices: Ursa, Vega, Pegasus, Dipper, Eclipse, Capella, Orbit, Orion, Flare, and Glow.

Interesting detail: Google also stripped away the personality labels that used to describe each voice, things like “Calm” or “Bright.” Now you’re left to judge purely by ear. That move makes more sense in hindsight — if users are about to get granular controls, the preset descriptions become less relevant.

The interface is getting a facelift too

Alongside the voice changes, the update refreshes Gemini’s icons — slimmer, more modern takes on the microphone, camera, gallery, file upload, video, screen sharing, and Gemini Live buttons. These visual tweaks are rolling out via a server-side update alongside Gemini version 1.0.913571982.

Google isn’t the only one tuning voices

This push toward personalization fits a broader trend. At Google I/O, the company said regional dialects are on the roadmap for Gemini. Voice customization slots neatly into that effort to make AI feel less generic.

Apple is heading the same direction. Apple‘s iOS 27 gives Siri AI similar controls — Pace and Expressivity — and those preferences extend across Maps and Safari.

The subtext here is clear: the AI race isn’t just about what assistants can do anymore. It’s about how they sound while doing it. Tone, warmth, and cadence are becoming competitive battlegrounds.

What to expect next

None of this is official yet. Code in a beta doesn’t guarantee a public rollout, and Google could tweak the feature before it ships. But the trajectory is obvious.

If this lands as expected, you’ll soon be able to shape Gemini’s voice to fit your ear — not the other way around. For anyone who’s ever winced at a too-chipper assistant or struggled to follow a machine-gun-fast response, that’s a genuinely useful upgrade.

Keep an eye on the Google app beta updates in the coming weeks. And if you’re curious about where Gemini Live is headed, our Gemini Live features guide covers what’s already available. For more on the broader shift, check out how Siri’s new voice controls compare.

Another round, another massive jump

Three months. That’s how long it’s been since Cognition last announced a funding round. Now, according to Bloomberg, the AI coding startup is already talking to investors again — and the valuation target is eye-watering.

The company, best known for its AI coding agent Devin, is reportedly seeking a round that would value it at no less than $40 billion. That’s a hefty leap from the $26 billion valuation it landed in May, when it raised $1 billion in a round led by some of the biggest names in tech investing.

What’s driving the jump? A simple number: $1 billion in annualized revenue run rate. Sources familiar with the talks told Bloomberg that hitting that milestone is the key to securing the $40 billion price tag.

Devin’s revenue is climbing fast

When Cognition announced its May raise, CEO Scott Wu told TechCrunch the company had already reached a $492 million annualized revenue run rate. He also shared a figure that explains why investors are so keen: enterprises were growing their usage of Devin by 50% month-over-month for six straight months.

That kind of growth doesn’t stay quiet for long. If the current trajectory holds, hitting $1 billion in annualized revenue run rate within a few months is not out of the question.

Who’s using Devin?

Cognition says its customers include some serious names: Mercedes-Benz, NASA, and Goldman Sachs. That’s a mix of automotive, aerospace, and finance — hardly a narrow niche.

Not a human replacement, says Wu

Despite the hype around AI agents taking over coding jobs, Wu has been careful to frame Devin differently. He told TechCrunch the tool isn’t being sold as a replacement for human programmers. Instead, it’s often assigned the long-tail grunt work that many developers dislike — things like updating legacy software or migrating applications from one platform to another.

That positioning seems to be working. It’s a lot easier for an enterprise to say yes to a tool that handles the boring stuff than one that threatens to put its engineering team out of work.

What this means for the AI coding market

If Cognition closes this round at $40 billion, it would cement its place among the most valuable AI startups in the world. It also signals that investors are still willing to pay premium prices for AI coding agents, even as the broader market for AI funding shows signs of cooling.

The bigger question is whether Devin can keep up the momentum. A 50% monthly growth rate is impressive, but it also gets harder to sustain as the base gets bigger. And competitors are circling — from established players to newer entrants in the AI coding assistant space.

For now, though, the numbers are on Cognition’s side. And if the company hits that $1 billion run rate, the $40 billion valuation might not even be the peak.