Databricks has agreed to acquire Arcion, an enterprise data company, for about $100 million, including incentives, CEO Ali Ghodsi told CNBC ahead of an official Monday announcement.
The acquisition comes after Databricks announced a $500 million funding round in September at a valuation of $43 billion.
Arcion is Databricks' first acquisition since acquiring MosaicML, an AI infrastructure startup specializing in training large language models, for $1.3 billion.
It's part of Databricks' AI push, and partly inspired by the tech sector's growing interest in generative AI, which can require a lot of training data.
"We think we can make a lot of revenue on this particular acquisition," Ghodsi said.
Persons:
Ali Ghodsi, Databricks, Ghodsi, we're, Rajkumar Sen, Miryana
Organizations:
Databricks Inc, Bloomberg Technology, CNBC, Oracle, Arcion's
Locations:
San Francisco