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New Deal


Announced

Databricks to acquire Lilac.

Financials

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

Tags

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Single Bidder

Acquisition

Domestic

Majority

Pending

IT Services: Other

United States

computer networking startup

Friendly

Private

Synopsis

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Databricks, a global data, analytics and artificial intelligence company, agreed to acquire Lilac, a scalable, user-friendly tool for data scientists to search, cluster, and analyze any kind of text dataset with a focus on generative AI. Financial terms were not disclosed. Lilac, at its essence, makes exploration of unstructured data easy: it is a delightful tool for data scientists and AI researchers to explore, understand, and modify text datasets in a tractable way.

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