Databricks, the $43 billion analytics firm, acquires data startup Arcion for $100 million
Publishing timestamp: 2023-10-23 08:30:01
Summary
Databricks has agreed to acquire Arcion, an enterprise data company, for $100 million. This acquisition will allow Databricks to integrate Arcion's technology and make it easier for clients to add their data from software systems. Databricks previously invested in Arcion's funding round and plans to integrate its tech into MosaicML. Databricks is seen as a top contender for an IPO in the future.
Sentiment: NEUTRAL
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