Latham & Watkins Advises Morgan Stanley on Investment in Databricks’ US$5 Billion Funding Round

Investment funds managed by Morgan Stanley Investment Management (MSIM) have participated in Databricks US$5 billion strategic funding round at a US$190 billion valuation. The investment will drive continued innovation across Lakebase, its serverless Postgres database built for AI agents, Genie, Databricks’ AI coworker that turns business data into trusted answers and actions, and Unity AI Gateway, for multi-AI governance and cost controls.

Latham & Watkins LLP represented MISM in the transaction with a deal team led by partners Mark Proctor, John Miller, and Haim Zaltzman, with associates Mason Taylor, Chloe Wallace, Mario Richards, and Shreya Patel. Advice was also provided on financial regulatory matters by partner Arthur Long; and on funds regulatory matters by partner Laura Ferrell.