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…

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