Databricks plans to acquire generative AI startup MosaicML in a ~$1.3B deal set to close by July 31; MosaicML debuted in 2021, raised $64M, and has 62 employees
Wall Street Journal
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- Databricks strikes $1.3 bln deal for generative AI startup MosaicML Reuters
- This powerhouse combination will usher in a new era of Generative AI development! — MosaicML's pioneering platform accelerates your Gen AI journey … Gabe Listek
- So excited about the potential here! Naveen Rao, Hanlin Tang and Jonathan Frankle have built an amazing team that has steadily reduced the cost … Matei Zaharia
- 🚀⭐️ 🎉 We're incredibly excited to announce that E14 Fund portco MosaicML is joining forces with Databricks … Habib Haddad
- Today, we announced that we've agreed to acquire MosaicML, a leading generative AI platform. It's anticipated to be the biggest deal … Mario Seefried
- Databricks Strikes $1.3B Deal for Generative AI Startup MosaicML Hacker News
Discussion
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@ronmiller.bsky.social
Ron Miller
on bluesky
Man, two billion dollar acquisitions today.
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@levie
Aaron Levie
on x
A 60 person AI startup founded 2 years ago was just acquired for $1.3 billion. This is not a drill.
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@mattturck
Matt Turck
on x
$21M per employee That's the price Databricks is paying for MosaicML ($1.3B for 62 employees) If you're going to be aggressively acquiring Generative AI startups, you're going to have to pay up It may turn out to be cheap in the long term given the size of the opportunity
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@alliekmiller
Allie K. Miller
on x
MosaicML, one of the top startups in the ML space, just got acquired for 6x their previous valuation of $222 million by @databricks. https://techcrunch.com/...
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@lindsayklife
@lindsayklife
on x
Thrilled to share that @databricks has agreed to acquire @MosaicML. Together, we'll enable any company to build, own and secure best-in-class generative AI models while maintaining control of their data. @WSJ has the exclusive: https://www.wsj.com/... tip @Techmeme
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@sullyomarr
@sullyomarr
on x
So databricks is acquiring MosaicML, I predict we're going to see a lot more of these in one way or another. Not sure if its great for the space though Large enterprise want a quick way into the AI space, and the best way is just to buy a company. https://www.databricks.com/...
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@levie
Aaron Levie
on x
Instagram style acquisitions now going down in AI. This is a big deal for startups. [image]
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@optionshawk
Joe Kunkle
on x
AI Software M&A is hot! https://twitter.com/...
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r/LocalLLaMA
r
on reddit
MosaicML Agrees to Join Databricks to Power Generative AI for All