UC Investments and the House Fund have 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 based on research at University of California (UC), Berkeley, has raised $1.6bn in a series H round backed by UC Investments, which manages UC’s retirement, endowment and cash assets.
Investment bank Morgan Stanley’s Counterpoint Global unit led the round, which also included the House Fund, a vehicle focused on the UC Berkeley ecosystem.
The round valued the business a $38bn post-money and also included Baillie Gifford, ClearBridge Investments, Andreessen Horowitz,…
