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Databricks acquires MosaicML for $1.3 billion

Published on
25/8/2023
Amended on
26/4/2024
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minute(s)
Databricks, the American unicorn specializing in data storage and analysis using artificial intelligence technologies, acquires MosaicML for $1.3 billion. Founded 3 years ago, MosaicML offers generative AI models for industrial companies. With a valuation in excess of $38 billion, Databricks is enjoying strong growth and is making a number of strategic acquisitions.
By
Damien Hélène
Damien Hélène
This article has been automatically translated. Please excuse any inaccuracies or translation errors.

Databricks, the American unicorn specializing in data storage and analysis thanks to artificial intelligence technologies, has just finalized the acquisition of MosaicML for $1.3 billion.

This company, founded just 3 years ago, offers industrial companies a platform enabling them to build cutting-edge generative AI models using their own data, i.e. algorithms that draw on existing content to generate new content from multiple sources, as ChatGPT does, for example.

Present at Vintage Altaroc Odyssey 2021, Databricks plans to integrate MosaicML's solution into its existing cloud solutions offering to meet strong customer demand.

Databricks, which is valued at over $38 billion, is experiencing dazzling growth. The company has recorded sales of over $1 billion in 2022 ( up 60%), and relies on strategic acquisitions. It recently acquired Okera, a data governance platform based on artificial intelligence, and Rubicon, a start-up specialized in data storage.

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