Advancing technology originating at UC Berkeley, Databricks has increased its valuation more than fourfold to $28bn and will use the funding to further scale its business.

Databricks, a US-based data analytics software producer based on research at University of California (UC), Berkeley, raised $1bn in series G financing yesterday led by investment firm Franklin Templeton. Amazon Web Services, CapitalG and Salesforce Ventures, respective units of internet and e-commerce group Amazon, technology conglomerate Alphabet and cloud computing firm Salesforce, took part in…

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