Databricks Dominates With Massive $1.6 Billion Round - NewsBreak

SAN FRANCISCO — There's no shortage of venture capital available to technology startups, especially in the Bay Area!. Databricks, the Data and AI company, announced a $1.6 billion round of funding to increase innovation and adoption of the data lakehouse, as the data architecture's popularity across data-driven organizations continues to grow at a rapid pace. The Series H funding, led by Counterpoint Global (Morgan Stanley), puts Databricks at a $38 billion post-money valuation. Counterpoint Global is joined by other new investors including Baillie Gifford, ClearBridge Investments and UC Investments (Office of the Chief Investment Officer of the Regents of the University of California). Existing investors participating in the round include Andreessen Horowitz, funds and accounts managed by BlackRock, Canada Pension Plan Investment Board (CPP Investments), Coatue Management, Fidelity Management & Research, Franklin Templeton, GIC, Greenoaks, Octahedron Capital, funds and accounts manage