CNBC October 23, 2023
Key Points
– Databricks agreed to acquire Arcion, an enterprise data company, for $100 million on Monday, including incentives, CEO Ali Ghodsi told CNBC ahead of an official Monday announcement.
– News of the acquisition comes after Databricks announced a $500 million funding round in September, with investors including Nvidia and Capital One.
– Arcion is Databricks’ first acquisition since acquiring MosaicML, an AI infrastructure startup specializing in training large language models.
Databricks has agreed to acquire Arcion, an enterprise data company, for about $100 million, including incentives, CEO Ali Ghodsi told CNBC ahead of an official Monday announcement.
Databricks’ chief product is a data analytics tool, powered largely by an artificial intelligence method called deep learning, but there’s no...
Today's Sponsors
Today's Sponsor