M&A Deal Summary

Databricks Acquires Mosaic ML

On June 26, 2023, Databricks acquired information technology company Mosaic ML for 1.3B USD

Acquisition Highlights
  • This is Databricks’ 2nd transaction in the Information Technology sector.
  • This is Databricks’ largest (disclosed) transaction.
  • This is Databricks’ 2nd transaction in the United States.
  • This is Databricks’ 2nd transaction in California.

M&A Deal Summary
Date 2023-06-26
Target Mosaic ML
Sector Information Technology
Buyer(s) Databricks
Deal Type Add-on Acquisition
Deal Value 1.3B USD

Target

Mosaic ML

San Francisco, California, United States
MosaicML is a generative AI platform that empowers enterprises to build their own AI. The company's research and engineering teams conduct cutting-edge scientific research to build products that make it fast, cost-effective, and easy for anyone to train today's most popular deep learning models. It enables developers to maintain full control over the AI models they build with model ownership and data privacy built into the platform's design. MosaicML is based in San Francisco, California.

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Buyer(S) 1

Buyer

Databricks

San Francisco, California, United States
Category Company
Founded 2013
Sector Software
DESCRIPTION

Databricks is an open-source community that helps organizations make all their data ready for analytics, empowers data science and data-driven decisions across the organization, and rapidly adopts machine learning to outpace the competition. By providing data teams with the ability to process massive amounts of data in the Cloud and power AI with that data, Databricks helps organizations innovate faster and tackle challenges like treating chronic disease through faster drug discovery, improving energy efficiency, and protecting financial markets. Databricks was founded in 2013 and is based in San Francisco, California.

DEAL STATS #
Overall 4 of 6
Sector (Information Technology) 2 of 2
Type (Add-on Acquisition) 4 of 6
State (California) 2 of 4
Country (United States) 2 of 4
Year (2023) 2 of 3
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-06-13 Rubicon

San Mateo, California, United States

Rubicon building storage systems for AI by using a technical approach to dramatically simplify building applications. Rubicon is based in San Mateo, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-23 Arcion

San Mateo, California, United States

Arcion is a provider of replicate enterprise databases, data warehouses, and cloud analytics platforms using change data capture (CDC) to power the next generation of AI applications. Arcion is based in San Mateo, California.

Buy -
Mergr

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