Databricks to Acquire MosaicML in a $1.3B Generative AI Deal

June 26, 2023

Databricks entered into a definitive agreement to acquire MosaicML, a generative AI platform, in a transaction valued at approximately $1.3 billion inclusive of retention packages. The combined offering aims to make it easier for organizations to build, own, and secure generative AI models using their own data on Databricks’ Lakehouse platform.

Buyers
Databricks
Targets
MosaicML
Location
United States
Transaction Type
Buyout

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