Databricks, the $43 billion analytics firm, acquires data startup Arcion for $100 million

CNBC October 23, 2023
Hayden Field

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...

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