Databricks to acquire MosaicML for $1.3B

Databricks, with two entrepreneurs of Romanian origin among the founders, buys an artificial intelligence startup, at a value of 1.3 billion dollars.

Databricks, whose team of founders includes two computer scientists of Romanian origin, Ion Stoica (executive president of the company) and Matei Zaharia (chief technologist), announced on Monday that it has concluded a definitive agreement to acquire MosaicML.

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

said Ali Ghodsi, Co-Founder and CEO, Databricks.

Databricks is a company that develops database technologies, founded in 2013 by a group of professors from the University of California, Berkeley. Among the founders are the CEO of the company, the Swede Ali Ghodsi and the two computer scientists of Romanian origin: Ion Stoica and Matei Zaharia.

In 2021, the firm was valued at $38 billion when it managed to secure a $1.6 billion funding round from a number of investment funds.