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New Deal


Announced

Databricks to acquire MosaicML for $1.3bn.

Financials

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Transaction Value£1,022m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

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Friendly

Domestic

Digital Services

United States

artificial intelligence

generative AI

Acquisition

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Private

Pending

Single Bidder

Synopsis

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Databricks, the data and AI company, agreed to acquire MosaicML, a generative AI platform, for $1.3bn. "Every organization should be able to benefit from the AI revolution with more control over how their data is used. Databricks and MosaicML have an incredible opportunity to democratize AI and make the Lakehouse the best place to build generative AI and LLMs," Ali Ghodsi, Databricks Co-Founder and CEO.

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