Amazon Web Services, CapitalG, Salesforce Ventures and Microsoft had previously invested in the data analytics software producer, which has been valued at $38bn in its series H round.

Databricks, a US-based data analytics software developer which counts a raft of corporates as investors, has raised $1.6bn in a series H round led by investment bank Morgan Stanley’s Counterpoint Global unit.

The round valued the business a $38bn post-money and also included Baillie Gifford, ClearBridge Investments, Andreessen Horowitz, Canada Pension Plan Investment Board, Coatue Management, Fidelity, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, Tiger Global and Whale Rock Capital Management.

UC Investments, which manages University of California’s retirement, endowment and…