Databricks agreed to acquire Arcion, an enterprise data company, for $100 million Monday, including incentives, CEO Ali Ghodsi told CNBC.
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.
Arcion is Databricks' first acquisition since acquiring MosaicML, an AI infrastructure startup specializing in training large language models. Databricks' chief product is a data analytics tool, powered largely by an artificial intelligence method called deep learning, but there's no data for the platform to analyze when a client signs up, Ghodsi said. Once Databricks integrates Arcion's technology, it should be much easier for clients to add their data from software systems such asin September at a valuation of $43 billion.
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