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, Canada Pension Plan Investment Board, Coatue Management, Fidelity, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, Tiger Global and Whale Rock Capital Management, as well as funds and accounts managed by BlackRock and funds and accounts managed by T Rowe Price Associates.
Alta Park Capital, Discovery Capital, Dragoneer, Flucas Ventures, Gaingels, Geodesic Capital, Green Bay Ventures, New Enterprise Associates (NEA) and a suite of BNY Mellon funds filled out the list…
