It turns out the yellow brick road was paved in gold. At least it is for data and storage vendor Databricks, which scored $1.6 billion today in a massive Series H funding round led by Counterpoint Global and joined by Baillie Gifford, ClearBridge Investments, and UC Investments, among others.

“We believe the company is well positioned to become a platform of choice among forward thinking enterprises that want to transform valuable data into strategic business insights,” Counterpoint Global’s Dennis Lynch said in a statement.

The cash infusion comes six months after a $1 billion Series G funding round and pushes the San Francisco-based data and storage company’s valuation to $38 billion. If a $1 billion valuation makes for a unicorn, Databricks is a octatriacontacorn.

With that funding, Databricks wants to accelerate the adoption of its data Lakehouse platform, which combines the data structure and data management of a data warehouse with the low-cost storage of a data lake. The company claims the architecture avoids complexity, significantly reduces infrastructure costs, and increases productivity.

"This new investment is a reflection of the rapid adoption and incredible customer demand we're seeing for the Databricks Lakehouse platform and underscores the industry and investor confidence in our vision that Lakehouse is the data architecture of the future," Databricks CEO Ali Ghodsi said in a statement.

The company claims more than 5,000 customers — including Comcast, Condé Nast, and H&M — are using the platform to unify their data and analytics. The company is now looking to expand the reach of the platform to new customers.

In support of this goal, the company also announced former Salesforce executive Andy Kofoid had joined the company as president of global field operations.

“Under Kofoid's leadership, the company will invest to accelerate adoption of the Databricks Lakehouse platform globally, by entering new markets, enabling and growing its partner ecosystem, and building a broad catalog of industry solutions,” the company said.