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
- Industry
- AI & Machine Learning
- Location
- United States
- Transaction Type
- Buyout
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